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Can a 80G eligible trust be established for religious activities
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A group of people are collecting money and performing rituals, celebrating festivals to honour the Gods and for the good of the people. Such group wants to setup a Trust so that the contributions to be eligible for 80G deductions which encourages people to donate more. Is the trust setup valid and whether 80G eligibility available as per the Income tax act?
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1. Religious trust are not eligible for 80G.
2. Trust for charitable purpose where religious expenses doesnt exceed 5% can get 80G.
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