The issue was whether religious objects alone could defeat an 80G claim. The Tribunal ruled that compliance with the 5% expenditure limit requires fresh ...

Complete guide to society registration in India under the Societies Registration Act, 1860. Learn about documents required, ...

The issue was denial of regular 80G approval due to an inadvertent filing under an incorrect clause. The Tribunal held that a procedural mistake should not bar substantive ...

I frequently trade in Sebi-registered and RBI-approved currency pairs (USD/INR, GBP/INR, EUR/INR) through the Zerodha app. In ...

Taxpayers opting for the old tax regime can continue to claim deductions on donations made to eligible charitable organisations under Section 80G of the Income Tax Act, 1961. To clarify how such ...

Users who recently bought a USB-C SSD case from Other World Computing (OWC) may now be annoyed: the provider specializing in Apple accessories has launched a new model in the 1M2 series, which doubles ...

If you are making a cash payment, then only up to Rs 2,000 is allowed to donate. Otherwise, you should make an online payment, demand draft, or cheque. All individuals, companies, and firms can claim ...

Section 80C lowers your tax liability by a maximum of ₹1.5 lakh through instruments like PPF, ELSS, and life insurance premiums. But once that limit is reached, most taxpayers overlook other ...

Filing your income tax return (ITR) for FY 2024–25 (AY 2025-26)? If you’re opting for the old tax regime, make sure you’re claiming every deduction you’re eligible for. Section 80C may be the most ...

The Income Tax Department is stepping up its fight against fraudulent deduction claims with an aggressive approach, deploying advanced AI and data analytics to sift through tax filings meticulously.

The Income Tax Act of India contains a provision known as Section 80G that permits users to avail of donation benefits for taxes and allows taxpayers to deduct contributions made to specific charity ...