The Tribunal held that CSR expenditure disallowed under Section 37 does not bar deduction under Section 80G. Donations to eligible institutions remain deductible unless specifically excluded by ...

It was held that a proposed object-clause amendment cannot justify outright rejection of 80G renewal. What matters is actual application of funds, not a removable clause in the trust ...

Section 80G of the Income-tax Act allows taxpayers to claim deductions for donations to specified institutions under the Old Tax Regime, providing a potential reduction in taxable income. The ...

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 ...

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 ...

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 ...

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 ...

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 ...