It is observed that you have claimed deduction under section 80GGC of Rs 600000 in your ITR for A.Y. 2022-23. It is requested that the claim may be verified and mistake, if any, may be rectified ...

Cryptocurrencies are not regulated in India and the government is working on a discussion paper with options ranging from regulation to a complete ban ...

This way, he saved ₹ 2 lakh of tax that he was liable to pay under Section 80GGC. To be sure, donations made under Section 80GGC can be made only through a cheque or bank transfer – cash ...

Of the ₹7,124 crore claimed nationwide under section 80GGC, ₹1,641 crore originated from the Telangana-Karnataka zone. In Telangana alone, nearly 15,223 employees are now under scrutiny for ...

As per section 80GGB/80GGC, deduction is available from Gross Total Income if a taxpayer is donating any amount towards a political party or an electoral trust.

Karim Lakhani, a chartered accountant said, "The SMSes have been received by most taxpayers who had claimed deduction under Section 80GGC. Even those taxpayers who donated to big political parties ...

How Section 80G, 80GGA, 80GGB, and 80GGC of Income Tax Act can help you save up to 100% of the amount on political, charitable, philanthropic donations Charity is another method for saving tax in ...

Akshay Jain, Partner, Direct Tax, NPV & Associates LLP, said, “Under Section 80GGC of the Income Tax Act, an assessee can claim 100% deduction of the donation made to the political parties.

Analysis of the information with the department showed that there is a vast mismatch between total deductions under section 80GGB/80GGC claimed by taxpayers in their ITRs as against the total receipts ...

Like Section 80G, cash donations over ... Sections 80GGB & 80GGC. Sections 80GGB and 80GGC of the Income Tax Act, 1961 are newer provisions offering tax benefits for donations made to specific ...

It is observed that you have claimed deduction under section 80GGC of Rs 600000 in your ITR for A.Y. 2022-23. It is requested that the claim may be verified and mistake, if any, may be rectified ...