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 ...

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 ...

G deduction and interest under TDS/TCS provisions. The Tribunal found that the Assessing Officer had examined both issues and no prejudice was ...

The issue was whether a trust with mixed charitable and religious objects could be denied 80G approval. The Tribunal held that composite trusts are eligible if religious expenditure stays within ...

If you’ve opted for the old income tax regime and are looking to make tax-saving investments, it’s essential first to determine the required investment amount. According to Personal Finance experts, ...