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...
05 Mar, 2026, 11.06 AM IST
Rs 27K income tax liability became Rs 9.44 lakh: Pune taxpayer claims fake deductions of Rs 10.65 lakh; taxman imposes 200% penalty; ITAT upholds fineA Pune taxpayer faces a hefty Rs 9.44 lakh penalty for misreporting Rs 10.65 lakh in deductions, including fake claims for political donati...
23 Feb, 2026, 03.05 PM IST
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...
09 Feb, 2026, 05.26 PM IST
Rs 119 crore recovered from wrong HRA tax deduction claims, 25000 filed revised ITRs to declare Rs 1000 crore foreign income; Here’s how Nudge campaign worksIndia's tax collection saw a major boost through data-driven nudges. The NUDGE initiative guided taxpayers to correct claims, leading to ov...
31 Jan, 2026, 12.54 PM IST
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...
30 Oct, 2025, 10.29 AM IST
Manipulated again: I-T busts fresh fraud in political donation tax deduction claimsThe Income Tax Department is cracking down on fraudulent tax deductions, revealing manipulation even after taxpayers were given a chance to...
19 Jul, 2025, 01.06 PM IST
Bogus deduction claims: I-T searches 150 sitesThe Income Tax Department executed a nationwide search across 150 locations, targeting entities suspected of claiming fraudulent tax deduct...
14 Jul, 2025, 11.50 PM IST
Made a political donation? Income Tax Dept launches Tax Assist to help you respond to an income tax noticeThe Income Tax Department is scrutinizing deductions claimed under Section 80GGC for political donations, prompting notices to taxpayers. A...
04 Jul, 2025, 04.33 PM IST
Taxman sends tough questions to individuals on political donationsThe income tax department scrutinizes donations of ₹5 lakh or more made to little-known political parties during FY 2020-21, suspecting mon...
06 Mar, 2025, 03.58 PM IST
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...
29 Jan, 2025, 11.13 PM IST
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...
17 Jan, 2025, 12.42 PM IST
'Over 90k salaried wrongly claimed Rs 1000 crore tax benefits'Around 90,000 salaried employees have wrongly claimed tax deductions worth ₹1,070 crore until December 31, 2024, according to the Income Ta...
17 Jan, 2025, 12.59 AM IST
90,000 salaried individuals withdraw Rs 1,070 cr worth wrongful tax deduction claimsAround 90,000 employees from PSUs and private sectors have withdrawn false tax deductions claims amounting to Rs 1,070 crore as of December...
16 Jan, 2025, 07.56 PM IST
It's taxing times for electoral bond buyers after Supreme Court's Feb verdictMore than 1,000 entities who purchased electoral bonds for political donations may now face inquiries from tax authorities regarding the de...
01 Jul, 2024, 06.00 AM IST
Income Tax department issues notices to taxpayers for donations to unrecognized political partiesThe Income Tax Department has issued notices to taxpayers who made donations to political parties registered but not recognized by the Elec...
15 Feb, 2024, 12.24 PM IST
New tax regime 2023: List of tax deductions, exemptions not availableHere's a list of the main exemptions and deductions that taxpayers will have to forgo if they opt for the new regime.
02 Feb, 2023, 04.53 PM IST
Budget 2013: No IT exemption for cash donations to political parties by companiesGovt today proposed to take away the income tax benefit on donations made in cash by corporates to political parties from April 2014 onward...
28 Feb, 2013, 04.05 PM IST