Understanding the provisions of Section 80G in the Income Tax Act can help individuals assess the eligibility for tax benefits associated with their charitable contributions. However, it's recommended ...
Donations, which are agreements wherein one person freely chooses to donate something of value to another, are covered by the Income Tax Act and, as such, are taxed. However, because it is a good deed ...
The appeals before the Income Tax Appellate Tribunal (ITAT), Chennai, arose from the order dated 22.09.2025 passed by the Commissioner of Income Tax (Exemptions) [CIT (E)], Chennai, rejecting the ...
Donations to the Ayodhya Ram Mandir may qualify you for an income tax deduction under the old I-T regime. Individuals who have opted for the old tax regime can claim up to 50% deduction under Section ...
The Income Tax department has clarified that donations made for the repair, rebuild, or renovation of the Ram Mandir in Ayodhya, under the Shri Ram Janmabhoomi Teerth Kshetra Trust, are eligible for ...
Raipur: In a significant judgment, the Chhattisgarh High Court upheld a decision by the Income Tax Appellate Tribunal (ITAT) that allowed a Raipur-based society to receive tax exemption benefits under ...
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 ...
Cash donations exceeding Rs 2,000 would also not qualify for donation u/s 80G. Question: I am an individual taxpayer and have made certain donations during the year. Kindly guide me on the aspects to ...
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