InvestorQ : I have donated 1CR for Novel epidemic coronavirus, can I apply for tax exemptions and it will be considered for 2019-20 or 2020-21?
seema Upadhyaya made post

I have donated 1CR for Novel epidemic coronavirus, can I apply for tax exemptions and it will be considered for 2019-20 or 2020-21?

Answer
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Anushri Vasa answered.
5 months ago


According to the latest notification by the government, the Prime Minister has established a fund by the name PM-CARES fund on 28-03-2020. If an individual makes a contribution to the said fund, it shall be eligible for deduction under section 80G. However, the said contribution shall be made on or before 30-06-2020. In the case of companies contributing to the fund, it shall be treated as a contribution to Corporate Social Responsibility with additional CSR being offset in subsequent years.

Also, if you have contributed to the fund through any other organization, rather than contributing directly to the fund for the said purpose and organization will utilize the fund to transfer it to relief fund or for similar purposes. The deduction of the same shall be allowed only if the fund is used for a specific purpose.

The organizations to which the fund has been contributed generally mentions that your contribution shall be allowed as a deduction under section 80G. So, you can check the details with the organization, along with terms and conditions (if any).