Tax savings 2025: Section 80G's tax benefits under Old Tax Regime - Explained Section 80G of the Income-tax Act allows taxpayers to claim deductions for donations to specified institutions under the ...

The Tribunal held that the six-month timeline under section 12A(1)(ac)(iii) does not apply to existing trusts. Final registration cannot be rejected merely on alleged ...

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

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 ...

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 ...

For those who are still looking for ways to save tax for the financial year 2024-25, there is still some time left. However, if you are not sure about the ways to save taxes, here we are going to tell ...

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 ...

Donations received by charitable and religious trusts are exempt from taxation, provided they comply with certain prescribed conditions. The taxation of such trusts is primarily governed by Section 11 ...

The festive season is upon us, and the sub-continent has started off with one of its biggest celebrations, bringing Lord Ganesha to homes and pandals alike. Ganesh Chaturthi, or Ganesh Utsav, is one ...