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Core Purpose

Notification under section 80G(2)(b) of the Income-tax Act, 1961 declaring a temple as a place of historic importance and public worship for income tax exemption purposes.

Detailed Summary

The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, issued Notification S.O. 1771(E) dated 23rd April 2024 (Notification No. 40/2024, F. No. 176/2/2023-ITA-I), exercising powers under clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), to notify "Shree Ramanuj Kot Laxmi Venkatesh Mandir," managed by Shree Ramanuj Kot Trust, Indore, Madhya Pradesh (PAN: AAATR0970L), as a place of historic importance and a place of public worship of renown throughout the state of Madhya Pradesh for the purposes of the said section. The notification is valid only for renovation or repair of the temple up to an amount of Rs. 1,63,06,311 (Rupees One Crore Sixty Three Lakhs Six Thousand Three Hundred and Eleven only), and will cease to be effective once that amount has been collected or on 31.03.2029, whichever is earlier. The notification was signed by Vikas Singh, Director.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-23042024-253826 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 1684] NEW DELHI, TUESDAY, APRIL 23, 2024/VAISAKHA 3, 1946 MINSTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 23rd April, 2024 (Income Tax) S.O. 1771(E).— In the exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Shree Ramanuj Kot Laxmi Venkatesh Mandir" managed by Shree Ramanuj Kot Trust, Indore, Madhya Pradesh (PAN: AAATR0970L) to be place of historic importance and a place of public worship of renown throughout the state of Madhya Pradesh for the purposes of the said section. The Notification will be valid only for the renovation or repair of the "Shree Ramanuj Kot Laxmi Venkatesh Mandir" to the extent of Rs. 1,63,06,311/-(Rupees One Crore Sixty Three Lakhs Six Thousand Three Hundred and Eleven only) and will cease to be effective after the said amount has been collected or on 31.03.2029, whichever is earlier. [Notification No. 40/2024/ F. No. 176/2/2023-ITA-I] VIKAS SINGH, Director

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