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BOGUS DONATIONS
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...- Rs 7 lakh income, Rs 2 lakh donation to a political party: How fake contributions led to Section 80GGC tax deduction claim rejectionA Mumbai man's Rs 2 lakh donation to a political party for tax deduction backfired. The Income Tax Appellate Tribunal (ITAT) Mumbai disallo...
- Got income tax notice for political donation? Man wins as ITAT upholds Section 80GGC tax deduction despite allegations of bogus donationsA man's Rs 4 lakh donation to a political party for an 80GGC tax deduction was flagged as suspicious. The Income Tax Appellate Tribunal (IT...
- Over 15 lakh revised ITRs filed for current AY: CBDTMore than 15 lakh taxpayers have revised their income tax returns for assessment year 2025-26. The Income Tax Department initiated a NUDGE ...
- Income tax refund with wrong claims: Up to 200% penalty, criminal action for wrong tax refund claim; check exactly what will happenThe Income Tax Department has exposed a nationwide network of agents facilitating fraudulent tax deductions and exemptions, leading to ille...
- Income Tax Department cracks down on taxpayers claiming refunds against donations to fake political parties, charitiesThe Income Tax Department is taking action against taxpayers who filed returns with fake deductions. Investigations revealed intermediaries...
- CBDT flags bogus claims on political and charitable donationsThe Central Board of Direct Taxes has uncovered significant misuse of tax deductions for political and charitable donations. A campaign has...
- Income-Tax Department unearths Rs 5,500 Cr donations racketA nationwide Income-Tax Department probe has revealed a massive scam involving over ₹5,500 crore in fake political donations. Thirty-six sh...
- Used donation to a political party for income tax deduction? IT dept is sending warning SMS; if it was a mistake file ITR-U by March 31, 2025Warning for political party donations: The Income Tax Dept is sending SMS to taxpayers who donated to political parties and had claimed sec...
- Revise your returns or face penalty: Taxman detects fake donations, issues warningThe income tax department has highlighted widespread bogus claims related to political and charitable donations, and investment and interes...
- Lilavati trustee alleges Rs 500 crore scam by kinPrashant Mehta, a trustee of Lilavati Hospital & Research Centre in Mumbai, accused former trustees of misappropriating ₹500 crore in trust...
- Income Tax raids across India to curb bogus political donationsOver a thousand income tax officials were involved in the raids that covered more than 20 registered unrecognised political parties suspect...
- After raids on Anil Deshmukh, I-T dept claims to have found Rs 17 cr tax evasion“Evidence found during the search clearly indicates concealment of income to the extent of about Rs.17 crore. Several bank lockers found du...
- Sonu Sood pens letter after I-T dept alleges Rs 20 cr tax evasion, says time will tell his side of storyThe actor said his journey to serve the people will continue.
- Income Tax department alleges Sonu Sood, associates evaded Rs 20 crore taxThe tax department also accused Sood of violating the Foreign Contribution Regulation Act while raising donations from abroad.
- BJD’s Mahtab questions funding formula of political partiesAn attempt has been made to cleanse the system of political funding by a provision that only around Rs 2,000 in cash per person can be rece...
- AAP to probe 'bogus' donations, cases of ethical misconductPrashant Bhushan and Yogendra Yadav recommended setting up of an internal ethics committee that would inquire into both these cases.
- AAP brass knew about bogus donations: Yogendra YadavDelhi unit secretary Dilip Pandey had accused party patron Shanti Bhushan, Prashant Bhushan and Yadav of "conspiring" to unseat Kejriwal.
- AVAM's 'dubious funding' claims: I-T department issues notice to AAPAAP Volunteer Action Manch (AVAM) had on February 2 alleged that the Arvind Kejriwal-led party (AAP) has indulged in a 'funding scam'.
- Delhi Polls: Arvind Kejriwal accused of receiving Rs 2 crore in donations via dubious meansThe AAP Volunteer Action Manch (AVAM) alleged four donations of Rs 50 lakh each were made to the party on April 15, 2014, by bogus companie...
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