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Income tax deduction on donation: What is Section 80G, eligibility, how it works – IT dept releases FAQs | Explained

Income Tax deduction on donation: Do you give donations to charitable institutions? If yes, you can claim a tax deduction under Section 80G of the Income Tax Act, 1961. The IT department has released ...
Tax Guru

CSR Deduction Allowed Under Section 80G Due to Absence of Statutory Restriction

ITAT held that CSR contributions can qualify for deduction under Section 80G if conditions are met. The ruling clarifies that there is no blanket prohibition on such claims under the ...
Business Today

Section 80G: New set of FAQs issued on tax deductions for religious donations; check details

The Income Tax Department has issued a new set of FAQs to resolve uncertainties around tax deductions for donations under Section 80G of the Income Tax Act, 1961. The FAQs shed light on what counts as ...