Received a message about Section 80GGC deduction from the Income tax department? Here's what to do
Section 80GGC allows taxpayers to claim deductions for contributions made to eligible political parties and electoral trusts.
Used donation to a political party for income tax deduction? IT dept is sending warning SMS; if it was a mistake file ITR-U by March 31, 2025
The Income Tax Dept is sending SMS to taxpayers who donated to political parties and had claimed section 80GGC deduction.
Tax Guru3d
IT department verifying Section 80GGC Political Donation deduction: What to Do?
If you’ve mistakenly claimed a deduction under Section 80GGC that you weren’t entitled to, it’s advisable to rectify the error by filing an updated return. Taking corrective action now can help you ...
I-T dept asks taxpayers to revise deductions claimed for donations to political parties
Ahmedabad: The income tax (I-T) department issued notices to thousands of taxpayers who sought deductions for donations made to political parties unde.
Income-Tax department recovers Rs 1,070 crore from wrongful claims
The taxpayers filed updated income tax returns (ITRs) for assessment years from FY23 to FY25 after doing the corrections ...
moneycontrol.com17d
90k salaried individuals withdraw Rs 1,070 crore worth wrongful tax deduction claims
As many as 90,000 salaried individuals, both from PSUs and the private sector, have withdrawn wrongful tax deductions claims totalling Rs 1,070 crore as of December 31, 2024, government sources ...
Business Line17d
Over 90,000 income tax payees withdrew wrongful deductions worth over ₹1,000 crore
These incorrect deductions are claimed under Section 80C (deposit/investment in ... to notified charitable institutions), 80GGB and 80GGC (donation to political parties/electoral trust) of the ...