Further, any contribution made to the PM-CARES Fund before March 31st, 2020, would qualify for 80G exemption under the Income Tax Act, 1961 (I-T Act). Hence, Sonia Gandhi's misplaced ire and angst at being left out from the management of PM-CARES fund as also, her allegations, are simply a figment of her imagination. The PM-CARES fund is absolutely transparent, is raising money for a very specific purpose and more importantly, will be thoroughly audited. The Prime Minister is the chairman of this trust and its members include the Defence Minister, Home Minister and Finance Minister. Had PM-CARES fund not been eligible for CSR related exemptions, the amount collected may have been far lesser.

Source: dna April 15, 2020 06:56 UTC