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 ...
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Income tax deduction on donation: What is Section 80G, eligibility, how it works – IT dept releases FAQs | Explained
Income Tax deduction on donation: Do you give donations to charitable institutions? If yes, you can claim a tax deduction under Section 80G of the Income Tax Act, 1961. The IT department has released ...
The measures to avail of tax deduction on donations made to eligible charities and trusts have changed from the financial year 2022-23. This is different from how donors applied for tax deductions by ...
The Income Tax Department has issued a new set of FAQs to resolve uncertainties around tax deductions for donations under Section 80G of the Income Tax Act, 1961. The FAQs shed light on what counts as ...
Holding that there was no real delay, the Tribunal directed grant of section 80G approval. The decision stresses practical and reasonable interpretation of filing ...
Section 80G of the Income Tax Act allows tax deduction on donations made to eligible charitable organizations. Donations made in kind and in cash above ₹2,000 don’t qualify for tax breaks. “All NGOs ...
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