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

Finance Act, 2024, an 80G application can be filed any time after commencement of activities. Rejection solely for delay was set aside and the application was restored for fresh ...

Taxpayers opting for the old tax regime can continue to claim deductions on donations made to eligible charitable organisations under Section 80G of the Income Tax Act, 1961. To clarify how such ...

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 ...

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 ...

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 ...