Bharat Ke Veer 80G Tax Benefit: Why only 50% deduction is allowed

Bharat Ke Veer is a website created by the Ministry of Home Affairs where we can donate to support our armed forces. This contribution is eligible for deduction under section 80G.

Contributions made to Funds/ Institutions which satisfies conditions mentioned under section 80G(5) of the Income Tax Act are eligible for a 50% deduction from Gross Total Income subject to the qualifying limit.

Why only 50% deduction is allowed

Since Bharat Ke Veer has been granted approval u/s 80G(5)(vi), contributions made to it are eligible for 50% deduction subject to qualifying limit. Please keep this in mind while filing IT returns.

Thanks to Jagjeet Sharma for sharing this research.

Sovereign Gold Bond Scheme 2019 -20 Issue Schedule

Sovereign Gold Bonds will be issued every month from June 2019 to September 2019 as per the following schedule

S.No. Tranche Date of Subscription Date of Issuance
1 2019-20 Series I June 03-07, 2019 June 11, 2019
2 2019-20 Series II July 08–12, 2019 July 16, 2019
3 2019-20 Series III August 05-09, 2019 August 14, 2019
4 2019-20 Series IV September 09-13, 2019 September 17, 2019
S. No. Tranche Date of Subscription Date of Issuance
1 2019-20 Series V October 07-11, 2019 October 15, 2019
2 2019-20 Series VI October 21-25, 2019 October 30, 2019
3 2019-20 Series VII December 02–06, 2019 December 10, 2019
4 2019-20 Series VIII January 13-17, 2020 January 21, 2020
5 2019-20 Series IX February 03-07, 2020 February 11, 2020
6 2019-20 Series X March 02-06, 2020 March 11, 2020

Investors can buy these bonds through Scheduled Commercial banks(except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognized stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

Do read this before buying: Sovereign Gold Bond Scheme 2019-20 (Series I): Should you buy?