Income Tax : This examines why deductions under section 80GGC are being questioned in assessments. The key takeaway is that compliance with sta...
Income Tax : The issue concerned whether deductions under section 80GGC could be denied solely on investigation inputs alleging accommodation e...
Income Tax : India's Income Tax Department initiates nationwide verification against bogus deduction and exemption claims, warning taxpayers of...
Income Tax : Understand tax benefits under Sections 80GGB & 80GGC for political donations, eligibility rules, compliance needs, and recent lega...
Income Tax : Received an IT notice on political donations? Understand why, what to do, and avoid penalties. Expert advice to respond effective...
Income Tax : The issue was whether penalty applies when a bogus donation claim is withdrawn after detection. The Tribunal held that post-detect...
Income Tax : The Tribunal held that failure of the Assessing Officer to verify genuineness of a ₹30 lakh donation under Section 80GGC rendere...
Income Tax : The Tribunal upheld 200% penalty under Section 270A for misreporting income through ineligible deductions. Admitted incorrect clai...
Income Tax : The Tribunal upheld disallowance of political donation deductions where the assessee failed to prove genuineness and the transacti...
Income Tax : The Tribunal upheld deletion of disallowance where the tax authority failed to produce direct evidence linking the taxpayer to any...
ITAT Ahmedabad quashed the PCIT’s Section 263 revision setting aside an assessment, holding AO’s enquiry into an Section 80GGC political donation was plausible and adequate.
India’s Income Tax Department initiates nationwide verification against bogus deduction and exemption claims, warning taxpayers of penalties and prosecution.
This article explores the legal framework, relevant case law, a positive judgment, the pros and cons of Sections 80GGB & 80GGC deductions for Political Conations
Understand tax benefits under Sections 80GGB & 80GGC for political donations, eligibility rules, compliance needs, and recent legal developments.
Received an IT notice on political donations? Understand why, what to do, and avoid penalties. Expert advice to respond effectively.
Received an SMS about Section 80GGC deductions? Learn why the Income Tax Department is scrutinizing claims and what steps to take if you’ve donated or made an error.
Understand the legal framework and tax implications of political donations in India, including key sections like 80GGB, 80GGC, and the risks of bogus donations.
Explore significant changes in ITR forms for FY 2023-24: deadlines, EVC for audits, reporting modifications, taxation updates, and more. Stay informed!
ITAT Ahmedabad dismisses appeal against revision order denying 80GGC deduction for donation to a political party, emphasizing the need for genuine receipts.
Learn about the meaning of donation under the Income Tax Act, 1961, and explore the types of donations, deductions, and conditions for claiming them in India.
