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 ...

Unlike donations to charitable trusts, there is no form or reporting mechanism under the Income Tax Act, 1961 for donations ...

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.

The Income Tax Department has detected a large number of wrong claims of refunds. 90,000 salaried persons from both public sector undertakings and private sector have withdrawn wrong claims of ...

Under the provisions of Section 139(8A) of the Income Tax Act ... with the department showed that there is a vast mismatch between total deductions u/s 80GGB/80GGC claimed by taxpayers in their ITRs ...

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 ...

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 ...

As many as 90,000 salaried individuals, both from PSUs and the private sector, have withdrawn wrongful tax deductions claims totalling Rs 1,070 crore as of December 31, 2024, government sources ...