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 Guru4d
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.
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 ...
Zee Business17d
90k salaried individuals withdraw Rs 1,070 crore worth wrongful tax deduction claims
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 ...
Business Line18d
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 ...
Business Today3d
Received a message about Section 80GGC deduction from the Income tax department? Here's what to do
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 ...