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...
31 May, 2026, 11.54 PM IST
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 ...
23 May, 2026, 01.10 PM IST
RBI deducted TDS on full interest on GOI Savings Bonds. How do I avoid double taxation?ET Wealth Reader's Query: I had purchased GOI Savings Bonds issued by the RBI in 2018. These bonds carried a fixed interest rate of 7.75% p...
05 Mar, 2026, 12.22 PM IST
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...
11 Aug, 2025, 10.00 PM IST
India tightens norms to plug likely tax swindling via donations to trustsThe Central Board of Direct Taxes has made it mandatory for charitable, religious, and educational trusts to disclose the names, addresses,...
27 Jun, 2023, 02.02 PM IST
New tax regime may impact charity donations owing to higher exemption limitBased on the government’s expectations, nearly two-thirds of taxpayers are expected to opt for the new tax regime, which has now become the...
10 Feb, 2023, 12.29 PM IST
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...
25 Nov, 2022, 11.24 PM IST
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 ...
28 Aug, 2018, 01.14 PM IST
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...
18 Dec, 2016, 02.28 PM IST
Political parties do not enjoy immunity, liable to I-T query: FinMinHasmukh Adhia clarified that political parties can not accept old 500 and 1,000 rupee notes as donations as both these bills have ceased to...
17 Dec, 2016, 09.58 PM IST
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...
21 Apr, 2015, 09.18 PM IST
- Q&A: Tax
You can revise your return to claim this deduction. Revised return can be filed before March 31, 2013 or before completion of assessment, w...
04 Sep, 2012, 05.17 AM IST
- Union Budget 2009-10: Cos' political donations get official acceptance
The Budget has proposed to provide 100% tax exemption to electoral trusts.
07 Jul, 2009, 02.35 AM IST
- Budget wish: Take more salary home
What would individual tax payers want from the forthcoming Union Budget?
16 Feb, 2007, 03.22 AM IST
- I-T wants to limit tax sops to educational institutions
After levying a tax on educational institutions receiving anonymous donations, revenue authorities now want to restrict the scope of other ...
13 Nov, 2006, 01.32 AM IST
- Educational donations will not be taxed
The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that donations to educational institutions are exempt from taxation, if there is ...
03 Sep, 2002, 07.01 AM IST
Budget may opt for fewer depreciation ratesTHE NEXT Union Budget is likely to rationalise depreciation rates as well as reduce and streamline tax exemptions given to trusts, charitie...
05 Nov, 2001, 11.43 PM IST