The Tribunal held that the six-month timeline under section 12A(1)(ac)(iii) does not apply to existing trusts. Final registration cannot be rejected merely on alleged ...

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

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 ...

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 ...

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 ...

The festive season is upon us, and the sub-continent has started off with one of its biggest celebrations, bringing Lord Ganesha to homes and pandals alike. Ganesh Chaturthi, or Ganesh Utsav, is one ...

CHENNAI: The Madras High Court has struck down a clause in the circular issued by the Central Board of Direct Taxes (CBDT) that denied extension of time limit to newly established trusts for ...