News Muncher - searching for 80g

1 day ago

How to maximise your income tax savings? Key deductions under the old tax regime explained

If you’ve opted for the old income tax regime and are looking to make tax-saving investments, it’s essential first to determine the required investment amount. According to Personal Finance experts, taxpayers must consider options like the Employees' Provident Fund, life insurance premiums, tuition fees, home loan principal repayments, etc., which qualify for deductions of up to ₹1.5 lakh under Section …

Tax Income Tax Investments Income Senior Citizens Deduction Deductions

1 week, 4 days ago

Avoid Tax Hassles: Your comprehensive guide to income tax proof submission for 2024-25

Live Mint

The submission of income tax investment proofs for FY 2024-25 is generally due by March 31st, subject to deadlines, which may vary across organisations. The income tax investment proof submission process is essential for accurate tax computations and rebate claims. Typical examples of proofs include Life Insurance Premium Receipts Public Provident Fund Passbook/Statement National Savings Certificates Tax-saving Fixed Deposits National …

Savings Income Proof Submission Proofs Tax Investment

2 months, 1 week ago

Early Sugar Exposure: A Lifelong Health Risk in India

Firstpost

A recent study suggests that reducing sugar intake during a child’s first 1,000 days could lower their risk of chronic conditions later in life. The study found that babies conceived or born during rationing had a 30 per cent lower risk of obesity, with a sharper rise in type 2 diabetes and hypertension among those conceived after rationing ended. The …

Science Law Health Social New Delhi

3 months, 4 weeks ago

Chocolate prices soar in bad news for Halloween revellers

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Our research shows that despite overall food and drink inflation continuing to fall, chocolate …

Free Chocolate Prices

5 months ago

Direct Tax Weekly Round-Up: 4 To 10 August 2024

Live Law

Delhi High Court Amendment In Section 153C Income Tax Act Can't Be Interpreted For Revival Of Already Time Barred Proceedings: Delhi High Court Case Title: PCIT Versus Karina Airlines International Ltd. Reopening Based On Entirely New Material Deprives Taxpayer's Right To Object To Re-Assessment: Delhi High Court Case Title: Banyan Real Estate Fund Mauritius Verses Assistant Commissioner Of Income Tax …

Tax Court Income Tax Title Income Held High

5 months, 1 week ago

Construction Of Public Library Forms Part Of Charitable Function, Eligible For Section 80G Exemption: Punjab & Haryana High Court

Live Law

The Punjab and Haryana High Court has held that the construction of public libraries forms part of a charitable function and is eligible for the exemption under Section 80G of the Income Tax Act.The bench of Justice Sanjeev Prakash Sharma and Justice Sanjay Vashisth has observed that the ancillary work, which may be carried out by the society for the …

Society Tax Income Punjab Act Petitioner Haryana High Court

6 months, 3 weeks ago

Due Date For Filing Form 10AB Extended By CBDT; Bangalore ITAT Quashes Order Rejecting Section 80G Approval

Live Law

The Bangalore Bench of Income Tax Appellate Tribunal has quashed the order rejecting the approval under Section 80G of the Income Tax Act as the Central Board of Direct Taxes has extended the due date for filing Form 10A/10AB via press release dated April 25, 2024, to June 30, 2022.The bench of Beena Pillai and Laxmi Prasad Sahu has. The …

Tax Income Bangalore 2024 Date Form Filing

7 months ago

ITAT Calcutta Allows Exemption Registration To Income Tax Bar Association, Sets Aside CIT Order

Live Law

The Calcutta Bench of Income Tax Appellate Tribunal has allowed the exemption registration to the income tax bar association as the registration application was not time-barred.The bench of Rajpal Yadav and Sanjay Awasthi has observed that the procedure adopted by the CIT was incorrect to grant a provisional certificate to the assessee. The amendments were notified to the Income Tax …

Tax Income Tax Registration Bar Application Income Act

7 months, 1 week ago

Direct Tax Cases Weekly Round-Up: 02 To 08 June 2024

Live Law

Delhi High Court Once Issue Of Arm's Length Remuneration Settled By TPO, Question Of Ascertaining Existence Of PE Is Academic; Delhi High Court Quashes Reassessment Proceedings Case Title: Progress Rail Locomotive Inc. Exemption Allowable On Donations Made By One Charitable Trust To Other Charitable Institutions For Temporary Period: Delhi High Court Case Title: Commissioner Of Income Tax Versus M/S Jamnalal …

Tax Customs Income Tax Title Delhi High Court Income Tribunal

7 months, 1 week ago

Exemption Allowable On Donations Made By One Charitable Trust To Other Charitable Institutions For Temporary Period: Delhi High Court

Live Law

The Delhi High Court has held that exemption is allowable on donations made by one charitable trust to other charitable institutions for a temporary period.The bench of Justice Yashwant Varma and Justice Purushaindra Kumar Kaurav has observed that Section 11 of the Income Tax Act and the adverse consequences would have been attracted provided the incomes so accumulated were diverted …

Trust Court Income Tax Delhi High Court Income Tribunal Set

7 months, 1 week ago

Section 80G Deduction Allowable On CSR Expenditure: ITAT

Live Law

The Mumbai Bench of Income Tax Appellate Tribunal has held that the deduction under Section 80G of the Income Tax Act is allowable on the expenditure in respect of corporate social responsibility.The bench of Kavitha Rajagopal and Om Prakash Kant has observed that the amendment brought about by the Finance Act, 2015, to Section 80G of the. The Mumbai Bench …

Tax Income Act Deduction Itat Assessee Section 80

9 months, 2 weeks ago

Maximise Your Savings: Top 7 Tax-Saving Tips As FY2023-24 Draws To A Close

ABP News

With the financial year ending on March 31, taxpayers are gearing up to optimise their tax-saving strategies for the upcoming year. Here are some vital tips to navigate through the tax-saving landscape: Invest in Tax Saving Options To capitalise on tax deductions provided under Section 80C of the Income Tax Act, individuals can explore avenues such as the Employee Provident …

Financial Savings Tax Tax Savings

9 months, 3 weeks ago

Choc horror! Easter eggs are shrinking while prices rise or remain the same with brands including Cadbury, Mars and Galaxy all guilty of the 'shrinkflation' trend

Daily Mail

The rows of brightly coloured Easter Egg boxes across supermarket shelves are hiding a dark secret. BEFORE: KitKat Chunky Milk Chocolate Large Easter Egg weighed 230g and featured two KitKat Chunky bars AFTER: KitKat Chunky Milk Chocolate Large Easter Egg weighs only 190g and features just one KitKat Chunky bar The smaller chocolate eggs will be good for waistlines amid …

Mars Easter Eggs Chocolate Milk Mini Large Cadbury

10 months ago

Mentioning Of Wrong Clause In Application For Registration U/s 80G Out Of Inadvertence, Is No Basis To Deny Deduction: Kolkata ITAT

Live Law

Irrespective of the delay occurred in filing fresh application for final approval u/s 80G of Income tax Act, the Kolkata ITAT directed the CIT to treat the application of assessee for final registration as 'filed within the time limit prescribed' and also pointed that the time consumed by the assessee in filing the revised application will not be taken into …

Registration Application Bench Approval Final Fresh Itat

10 months, 3 weeks ago

Mere Deduction Of TDS By Donor On Grants Would Not Disentitle The NGO From Sections 11 Exemption: Delhi High Court

Live Law

The Delhi High Court has held that a mere deduction of TDS by a donor on grants would not disentitle the assessee-NGO from exemption under Section 11 of the Income Tax Act.The bench of Justice Yashwant Varma and Justice Purushaindra Kumar Kaurav, while allowing the petition, set aside the assessment order and held that the receipt of Rs. The Delhi …

Tax Delhi High Court Order Income Tds Sections Assessee

11 months, 1 week ago

Requirement Of 'Commencement Of Activity' Does Not Apply To Trusts Already Started Charitable Activity Before Obtaining Provisional Registration: Pune ITAT

Live Law

Finding that the Assessee Trust had applied for registration within the time allowed under the Income Tax Act, the Pune ITAT directed the CIT to treat the application being filed within statutory time after verifying assessee's eligibility for deduction u/s 80IA as per act. The Bench comprising of Satbeer Singh Godara And Dipak P. Ripote observed that, “the words, 'within …

Registration Bench Provisional Six Months Itat Assessee Provisional Registration

11 months, 1 week ago

A Trust Is Not Barred From Getting Approval U/S 80G In Future Because It Has Not Opted For It Previously: Kolkata ITAT

Live Law

The Kolkata ITAT ruled that simply because a trust/charitable institution has not opted for getting benefits under the Income-tax Act, then such institution is not barred in future from applying from registration/approval under the relevant provisions. As per the brief facts of the case, the assessee trust, duly registered u/s 12A, applied for provisional approval u/s 80G which was granted …

Trust Activities Registration Act Bench Final Itat

11 months, 2 weeks ago

Ayodhya Ram Mandir Trust: How to claim deduction under Section 80G for donations?

Live Mint

The “Pran Pratishtha” ritual at the Ram Mandir in Ayodhya, signifying the resolution of a centuries-old dispute, was truly a significant event. Details of donations to Ayodhya Ram Mandir Trust Individuals who have contributed to the Ayodhya Ram Mandir Trust, officially known as the “Shri Ram Janmabhoomi Teerth Kshetra Trust”, or those intending to make donations in the near future, …

Trust Tax Income Ayodhya Ram Total Deductions

11 months, 3 weeks ago

Are donations for Ram Mandir eligible for income tax deduction? Here's all you need to know

India TV News

The Income Tax department has clarified that donations made for the repair, rebuild, or renovation of the Ram Mandir in Ayodhya, under the Shri Ram Janmabhoomi Teerth Kshetra Trust, are eligible for deduction under Section 80G of the Income-tax Act, 1961. The Central Board of Direct Taxes has said that donations to the Shri Ram Janmabhoomi Teerth Kshetra are eligible …

Tax Income Ram Shri Deduction Donations Eligible

1 year, 9 months ago

Income tax new regime: These are the deductions you can still claim

Live Mint

Many taxpayers are confused about whether to file taxes under the new tax regime or continue with the old tax regime. As opposed to the old tax regime where one could one claim deductions under various sections pursuant to long-term savings, investments in Public Provident Fund, health insurance premiums, house rent allowance received or the principal repayment on home loans …

Income Tax Regime Claim Deductions Nps

1 year, 10 months ago

How to make healthy school lunchboxes fun

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Vegetables and noodles with sunflower butter sauce open image …

Kids Container Vegetables Your Child Small Sauce Tsp

2 years, 1 month ago

ITAT Allows Section 80G Deduction To The Trust Which Is Not Substantially Religious

Live Law

The Pune Bench of the Income Tax Appellate Tribunal has allowed the deduction under Section 80G of the Income Tax Act to the trust, which is not substantially religious.The two-member bench headed by R.S. The Pune Bench of the Income Tax Appellate Tribunal has allowed the deduction under Section 80G of the Income Tax Act to the trust, which is …

Trust Religious Tax Income Exemption Itat Assessee

2 years, 3 months ago

Serving Of Liquor Is Not A Charitable Activity, Income Tax Exemption Can't Be Granted: ITAT

Live Law

The Delhi Bench of the Income Tax Appellate Tribunal has held that serving liquor is not a charitable activity and the income tax exemption cannot be granted.The two-member bench of Yogesh Kumar and Shamim Yahaya has observed that the Commissioner of Income Tax has relied on various bills of the Appellant wherein the service of liquor. The Delhi Bench of …

Tax Liquor Income Tax Income Member Exemption Serving

3 years, 7 months ago

Donations for Ayodhya mosque made tax-free: Report

India Today

The government has granted tax exemption to those contributing for the construction of the mosque, for which the Supreme Court had allotted five acres in the Babri Masjid-Ramjanmabhoomi land dispute case, according to a member of the trust overseeing the project. Foundation chairman Zafar Farooqui said they had applied for the tax exemption under Section 80G of the Income Tax …

Income Tax Ayodhya Mosque

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Search results for 80g

How to maximise your income tax savings? Key deductions under the old tax regime explained

Avoid Tax Hassles: Your comprehensive guide to income tax proof submission for 2024-25

Early Sugar Exposure: A Lifelong Health Risk in India

Chocolate prices soar in bad news for Halloween revellers

Direct Tax Weekly Round-Up: 4 To 10 August 2024

Construction Of Public Library Forms Part Of Charitable Function, Eligible For Section 80G Exemption: Punjab & Haryana High Court

Due Date For Filing Form 10AB Extended By CBDT; Bangalore ITAT Quashes Order Rejecting Section 80G Approval

ITAT Calcutta Allows Exemption Registration To Income Tax Bar Association, Sets Aside CIT Order

Direct Tax Cases Weekly Round-Up: 02 To 08 June 2024

Exemption Allowable On Donations Made By One Charitable Trust To Other Charitable Institutions For Temporary Period: Delhi High Court

Section 80G Deduction Allowable On CSR Expenditure: ITAT

Maximise Your Savings: Top 7 Tax-Saving Tips As FY2023-24 Draws To A Close

Choc horror! Easter eggs are shrinking while prices rise or remain the same with brands including Cadbury, Mars and Galaxy all guilty of the 'shrinkflation' trend

Mentioning Of Wrong Clause In Application For Registration U/s 80G Out Of Inadvertence, Is No Basis To Deny Deduction: Kolkata ITAT

Mere Deduction Of TDS By Donor On Grants Would Not Disentitle The NGO From Sections 11 Exemption: Delhi High Court

Requirement Of 'Commencement Of Activity' Does Not Apply To Trusts Already Started Charitable Activity Before Obtaining Provisional Registration: Pune ITAT

A Trust Is Not Barred From Getting Approval U/S 80G In Future Because It Has Not Opted For It Previously: Kolkata ITAT

Ayodhya Ram Mandir Trust: How to claim deduction under Section 80G for donations?

Are donations for Ram Mandir eligible for income tax deduction? Here's all you need to know

Income tax new regime: These are the deductions you can still claim

How to make healthy school lunchboxes fun

ITAT Allows Section 80G Deduction To The Trust Which Is Not Substantially Religious

Serving Of Liquor Is Not A Charitable Activity, Income Tax Exemption Can't Be Granted: ITAT

Donations for Ayodhya mosque made tax-free: Report