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 ...

The ruling addressed whether a delayed application could survive after statutory change. The Tribunal directed fresh consideration by applying the liberalized timeline introduced by Finance Act, ...

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 ...

The Tribunal ruled that maintaining a temple or holding festivals does not disqualify a trust if substantial funds are spent on public welfare. Authorities must examine actual expenditure patterns, ...

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 ...

Individuals who have contributed to the Ayodhya Ram Mandir Trust, officially known as the “Shri Ram Janmabhoomi Teerth Kshetra Trust”, or those intending to make donations in the near future, are ...

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 ...

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 ...

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 ...

Cash donations exceeding Rs 2,000 would also not qualify for donation u/s 80G. Question: I am an individual taxpayer and have made certain donations during the year. Kindly guide me on the aspects to ...