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Donations made to PM CARES Fund eligible for 100% tax deduction
short by Krishna Veera Vanamali / on Wednesday, 1 April, 2020
The donations made to the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund are now eligible for 100% deduction under Section 80G of the Income Tax Act. Individuals and corporates making donations till June 30 can still claim the deduction from income of 2019-20, according to an Ordinance promulgated by the government.