Budget 2025: FM Nirmala Sitharaman is gearing up to present the Union Budget 2025 on February 1, 2025, six months after unveiling the full budget of the Modi 3.0 regime. Taxpayers are eagerly awaiting ...

Income Tax deduction on donation: Do you give donations to charitable institutions? If yes, you can claim a tax deduction under Section 80G of the Income Tax Act, 1961. The IT department has released ...

The Income Tax Department has issued a new set of FAQs to resolve uncertainties around tax deductions for donations under Section 80G of the Income Tax Act, 1961. The FAQs shed light on what counts as ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The Central Government of India ...

The Tribunal held that CSR expenditure disallowed under Section 37 does not bar deduction under Section 80G. Donations to eligible institutions remain deductible unless specifically excluded by ...

Lady signs POA with land owner, develops it and builds flats on it, sells the flats, claims Rs 13 crore tax deduction; tax dept sent notice; she wins case in Madras High Court for this reason ...

Medical emergency is something which can occur anytime, anywhere and to anyone without giving a warning sign. So, experts suggest taking health insurance is the best option to secure yourself from any ...

Most deductions claimed by taxpayers are under Section 80C, and its expected that deduction limit will be hiked in Union ...