The ITAT remanded a case where a charitable society’s 80G(5) registration was rejected because incidental sales were misclassified as business income. The Tribunal emphasized evaluating the society’s ...
ITAT holds that technical-glitch-related delay in filing Form 10AB cannot be rejected outright, directing the assessee to seek CBDT condonation. Ruling clarifies limits of CIT(E)s powers and ensures ...
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 ...
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 ...
The Income Tax Appellate Tribunal (ITAT) has permitted contributions made to Shiromoni Gurdwara Parbandhak Committee (SGPC) to be exempted from income tax as its activities are not restricted to one ...
Under IT Act, Section 80G is available for contributions made to certain relief funds and charitable institutions. Representational Image: Photo: Pixabay Most of us are familiar with Section 80C under ...
Monetary donations given to help flood victims in Kerala will entail tax benefits under Section 80G of the Income Tax Act, 1961. However, one must donate through registered aid agencies, or preferably ...
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