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.
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 ...
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 ...
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.
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.
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 ...
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As many as 90,000 salaried individuals, both from PSUs and the private sector, have withdrawn wrongful tax deductions claims totalling Rs 1,070 crore as of December 31, 2024, government sources ...