Section 80GGC allows taxpayers to claim deductions for contributions made to eligible political parties and electoral trusts. This deduction aims to encourage political funding.
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 ...
Ahmedabad: The income tax (I-T) department issued notices to thousands of taxpayers who sought deductions for donations made to political parties unde.
The Income Tax Dept is sending SMS to taxpayers who donated to political parties and had claimed section 80GGC deduction.