Tax Guru12d
ITAT Allows Section 80G Deduction for CSR Donations to PM Relief Fund
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that Corporate Social Responsibility (CSR) donations made to the Prime Minister’s National Relief Fund (PMNRF) qualify for ...
Tax Guru6d
ITAT Mumbai Allows CSR Deduction Under Section 80G
Mumbai has upheld the order of the Commissioner of Income Tax (Appeals) [CIT (A)] in the case of ACIT vs. Jamnagar Utilities and Power Pvt. Ltd., allowing deduction under Section 80G for Corporate ...
Income Tax: These important deadlines expire before March 31. Check list here
I. Investing for tax deduction: Investors must invest before March 31 to be able to claim tax deduction for the financial ...
NewsBytes18d
Go green: A guide to tax benefits for zero-waste living
Buying green products, like electric cars, comes with tax perks under the Income Tax Act. Specifically, Section 80EEB lets ...
Tax Saving Investments (Section 80C, 80D, 80G, etc.)
Before March 31, 2025, you should invest in tax-saving options to lower your taxable income if you have opted for the old tax regime. The Income Tax Act offers several important deductions, including ...
Mint24d
ITR filing: Tax saving options investors can choose in the new tax regime?
Since deductions under 80C, 80D, 80DD and 80G are not permitted in the new tax regime, taxpayers can still claim a few deductions which are listed below. As per the provision of Section 115BAC of ...