The Delhi Bench of the Income Tax Appellate Tribunal (ITAT), in the case of Schenker India Private Limited, has ruled that companies are eligible to claim deductions under Section 80G of the Income ...

If you have chosen the old tax regime, ensure that your tax-saving investments under Sections 80C, 80D, 80G, and others are ...

As FY 2024-25 ends, ITR season 2025 starts in April. Suresh Surana advises finalizing tax-saving investments, submitting ...

The captioned appeal is filed by the assessee against the order by Commissioner of Income Tax (Exemption), Bhopal u/s 80G of the Act, 1961 (in short “The Act”), dated 27.09.2024, rejecting the ...

Section 80G of the Income-tax Act allows taxpayers to claim deductions for donations to specified institutions under the Old ...

By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

A tax deduction or advantage does not apply to any in-kind contributions, such as clothing, food, or medications. A tax ...

Section 80G of the Income Tax Act allows individuals, companies and firms to claim tax deductions on donations made to ...

As FY25 is coming to an end, taxpayers need to finalise investments if opting for old tax regime, adjust TDS, pay advance tax ...

Income Tax Department uncovers large-scale tax fraud in Tamil Nadu, involving PSUs, corporates, and tax consultants, evading crores in taxes.

As the financial year 2024-25 draws to a close, taxpayers still have a golden opportunity to reduce their tax liabilities ...

A parliamentary panel has recommended the government develop a cultural calendar-based budgeting system for events that takes into account cyclical landmarks such as Kumbh Mela for long-term financial ...