AYODHYA: Six months later Ayodhya Mosque Trust — Indo Islamic Cultural Foundation (IICF) — employed to tax exemption under Section 80G for contributions into the mosque-hospital job, it eventually received approval by the Central Board of Direct Taxes on Thursday.
The hope, which was contained after the Supreme Court’s Ayodhya conclusion, had been robbed of funds with no Section 80G certificate which exempts tax for contributions to charitable associations.
IICF has been made on July 29, 2020, also employed for tax exemption in September 1, 2020.
Trust secretary Athar Hussain told TOI,”Objections and questions raised from the I-T section and procedural delay slowed contributions for construction of this mosque-hospital complicated.
Contributions from overseas too were in the lack of Foreign Contribution Regulation Act (FCRA) nod, making Section 80G a compulsory prerequisite.
Till today, we’ve acquired Rs 20 lakh as contributions and we have not established crowdfunding.
Well-wishers have willingly contributed.
Following the taxation exemption nod, we’ll now seek donations from pick donors and use to get FCRA approval.
” Trust chairman Zafar Farooqui stated,”Our program was made on January 21, 2021.
We re-applied on February 3 and responded to questions about March 10.
” IICF Trustee Captain Afzaal Ahmad Khan, who’d delivered a petition to the Centre and fund ministry to intrude on non-issuance of taxation exemption, has resisted the ministry along with also the I-T department.
The confidence has been starved of capital with no Section 80G certificate that exempts taxation for contributions to charitable associations.