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. This deduction aims to encourage political funding.
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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 ...
Why is the income tax department messaging political donors?
Unlike donations to charitable trusts, there is no form or reporting mechanism under the Income Tax Act, 1961 for donations ...
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.
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.