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EXEMPTION FOR DONATION
SC bats for creation of young lawyers' professional assistance fund to stop 'brain drain'The Supreme Court has called for a "Young Lawyers' Professional Assistance Fund" to combat the exodus of bright legal minds facing financia...- Andhra Cabinet gives nod to 34 proposals; boosts aviation, irrigation, industrial developmentThe Andhra Pradesh Cabinet approved 34 proposals, including a new aviation policy, organ transplantation law, and revised funding for the P...
- I-T department to move Supreme Court against HC relief in public trust rowThe rift stems from the Income-tax department's demand that deeds of these religious and charitable trusts must categorically state that th...
- Google co-founder Sergey Brin donates $500,000 to fight overpaid CEO tax: 'fled socialism with my family in 1979...'Google co-founder Sergey Brin has stepped into San Francisco’s heated tax debate with a USD 500,000 political donation aimed at opposing a ...
- As Tim Cook steps down as Apple CEO, what he did for Trump goes viral — here’s the breakdown and how the President respondedTim Cook Trump viral moment: As Tim Cook transitions to Executive Chairman, his past interactions with Donald Trump are gaining renewed att...
- New I-T Bill restores exemption for anonymous donations to trusts, TDS refund claim filing procedureThe Lok Sabha has passed the new Income Tax Bill, retaining ITR filing provisions for TDS claims and tax exemptions for anonymous donations...
- Parliamentary panel suggests relief in refunds to small tax payers if ITR not filed in due timeA parliamentary panel has suggested key changes to the Income-Tax Bill 2025, focusing on clarity and alignment with existing laws. The reco...
- Saibaba temple of Shirdi gets tax exemption of Rs 175 crore"While assessing the tax for the year 2015-16, the Income Tax Department assumed that Shri Saibaba Sansthan was not a religious trust but a...
- Donations to Shri Ram Janmabhoomi Teerth Kshetra eligible for exemption from income taxIn a notification issued Friday, the Central Board of Direct Taxes (CBDT) allowed tax exemption to donations under Section 80 G of the Inco...
- Kerala flood relief: Money donated to these funds, trusts can get you 50%, 100% tax benefitSection 80G of the Income-tax Act allows monetary donations made to specified relief funds and charitable institutions to be deducted from ...
- Political parties told to file tax return by December or lose exemptionIt is also changing the law to keep the identity of the donor confidential who buys the just-introduced electoral bonds from banks to make ...
- Election Commission seeks ban on anonymous contributions to parties above Rs 2000The Commission has also proposed that exemption of Income Tax should only be extended to political parties that contest elections and win s...
- Tax exemption for donation to Clean Ganga Fund: GovernmentDonations made by individuals to the Clean Ganga Fund would be eligible for income tax exemption as per the Finance Bill 2015, Lok Sabha wa...
- Tax exemption for donations to Greenpeace to be withdrawn?Sources said central security agencies including those associated with financial intelligence have recommended such a course against the NG...
- Nitin Gadkari seeks full IT exemption for road safety donationsRoad Transport and Highways Minister Nitin Gadkari has sought 100 per cent Income Tax exemption on donations made to undertake approved roa...
- Q&A: TaxYou can revise your return to claim this deduction. Revised return can be filed before March 31, 2013 or before completion of assessment, w...
- Income Tax department probe against political parties, trusts to check evasionThe Income Tax department has launched a probe against a number of political parties as well as charitable and religious trusts.
- Union Budget 2009-10: Cos' political donations get official acceptanceThe Budget has proposed to provide 100% tax exemption to electoral trusts.
- I-T wants to limit tax sops to educational institutionsAfter levying a tax on educational institutions receiving anonymous donations, revenue authorities now want to restrict the scope of other ...
- Educational donations will not be taxedThe Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that donations to educational institutions are exempt from taxation, if there is ...
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