CBDT Clarifies Section 80G Donation Rules via New FAQs
Income Tax Department issues detailed FAQs on claiming 80G deductions. Learn the verification process, eligible donations, and key conditions for taxpayers in the old regime.
Category : Search result: Donation Tax Benefit
Mysuru sees 83% property tax collection, aims for 100% by 2026
Mysuru's urban bodies, led by MCC, achieve an 83% property tax collection surge. Digital payments, early rebates, and door-to-door drives fuel the success. Discover how the district is boosting civic development.
Corporate Tax Growth Hits 7.5%, Overtakes Personal Tax
India's corporate tax collections grew 7.5% to Rs 9.94 lakh crore by mid-December, surpassing personal income tax growth. Net direct tax kitty crosses Rs 17 lakh crore. Read the full analysis.
NRI Tax Guide: Gifting Money & Selling Property
Returned NRI wants to gift money from foreign account to daughter abroad. Also, an NRI selling Dubai property seeks clarity on TDS certificate. Expert explains tax implications.
Direct Tax Collection at ₹17 Trillion, Growth Slows to 8%
India's net direct tax revenue rose 8% to ₹17 trillion in April-December, missing the 13% target. Personal income tax growth slowed due to new slab rates. Can the government meet its full-year goal?
Net Direct Tax Collection Grows 8% to Rs 17.04 Lakh Crore
India's net direct tax collection for FY25 grows 8% to Rs 17.04 lakh crore. Gross collections surge 24% to Rs 19.45 lakh crore, while refunds slow. Read the full analysis.
Direct Tax Collections Up 8%, Refunds Down 13.5%
India's net direct tax collections grew 8% to Rs 17.05 lakh crore till Dec 17, boosted by a sharp 13.5% fall in refunds. Advance tax up 4.27%. Read the full analysis.
Massive Arrangements for Fatehgarh Sahib Shaheedi Sabha
Punjab Health Minister Dr Balbir Singh reviews extensive arrangements for the Shaheedi Sabha in Fatehgarh Sahib. Plans include a major blood donation camp and a public organ donation movement. Details inside.
Lucknow Rolls Out New Property Tax System with Unique IDs
Lucknow Municipal Corporation introduces a new Property Tax Management System (PTMS) with unique 16-digit IDs for all properties. Aimed at boosting transparency and compliance, it links to the Smart City Command Centre. Read more.
VMC Pauses Coercive Action on Temples After Seers' Protest
Varanasi Municipal Corporation assures no coercive action against religious sites after seers protest integrated tax bills. Commissioner clarifies tax exemptions for charitable institutions.
CAG flags DBT flaws, Oppn attacks govt over fund misuse
Opposition parties intensify attack after CAG report reveals gaps in DBT system leading to leakage of thousands of crores. Leaders demand accountability and audits.
Income Tax Dept: Recent Notices Are Advisory, Not Enforcement
The Income Tax Department clarifies recent taxpayer communications are for voluntary compliance. Review your AIS and respond via the Compliance Portal by Dec 31, 2025, if needed.
Lok Sabha Passes G-RAM Bill to Replace MGNREGA
The Lok Sabha has passed the G-RAM Bill 2025, replacing MGNREGA with a direct cash transfer scheme. Know the key changes and implications for rural employment.
GST Exemption on Term Insurance Plans from 2025
Starting April 2025, term insurance premiums will be GST-free. Learn how this tax change impacts your financial planning and boosts insurance affordability in India.
CAG Exposes Gaps in DBT: ₹1000s of Crore Without Checks
CAG K Sanjay Murthy reveals serious flaws in India's DBT system, with thousands of crores transferred without verification due to poor data integration. Read the full audit concerns.
CAG Exposes Major Gaps in Direct Benefit Transfer System
CAG Sanjay Murthy reveals serious flaws in India's DBT, with thousands of crores flowing without checks. Calls for better data integration to prevent duplication. Read the full report.
TTD's New Automated Donation Policy for Tirumala Cottages
Tirumala Tirupati Devasthanams introduces a fully automated, transparent cottage donation policy to eliminate manipulation. New rules include donor nominees, CCTV surveillance, and clear accountability.
Kanpur: 4 held for Rs 37.87 crore GST fraud using fake firms
Kanpur police and tax officials bust a gang that created fake companies to evade GST worth Rs 37.87 crore. Four arrested, laptops and phones seized. Read the full investigation details.
Delhi Court Acquits 2 in 2020 Riots Case Over Evidence Flaws
A Delhi court acquitted two men in a 2020 riots case, citing serious inconsistencies in evidence and doubts over the key witness's credibility. Read the full details of the judgment here.
Missed 15 Dec Advance Tax? Know Penalty & Rules
Third advance tax instalment for FY 2025-26 due 15 Dec. Missing it attracts interest under Section 234C. Know calculation, exemptions for seniors, and how to pay by March.
ITAT Restores NRI Appeal After 621-Day Email Error
Ahmedabad ITAT restores an NRI's tax appeal despite a 621-day delay, citing notices sent to a wrong email address. The ruling highlights the need for accuracy in the faceless appeals process. Read more.
2026 Tax Season: New OBBB Rules, Refund Dates, Tips
Get ready for the 2026 tax season with major changes under the One, Big, Beautiful Bill. Learn about new deductions, refund timelines, and how to file early for faster returns. Essential reading for all taxpayers.
Tax Revenues Jump 30%, But Spending Still Outruns Income
India's tax revenues soared 30% in the first half of FY25, yet government expenditure grew faster, widening the fiscal deficit. Explore the details and implications for the economy.
Michigan State University gets record $401 million donation
Greg & Dawn Williams pledge $401 million to Michigan State University, the largest gift in its history. A major boost for MSU athletics, NIL ventures, and academic programs. Details inside.
Advance Tax Rules: Exemptions, Deadlines for FY 2025-26
Understand India's advance tax rules for FY 2025-26. Know payment deadlines, key exemptions for senior citizens & salaried, and how to avoid penal interest. Plan your taxes now.
Vedanta Fights ₹1,308 Cr Tax Claim in Delhi HC
Vedanta moves Delhi High Court against tax department's ₹1,308 crore GAAR claim over Mauritius holding structure. Court halts coercive action until Dec 18 hearing. Read the full details.
New Jersey ANCHOR Tax Relief: Who Gets $1,500?
New Jersey's ANCHOR program offers tax relief up to $1,500 for homeowners and $450 for renters. Learn eligibility, payment dates, and how it aids families amid inflation.
LDA Proposes 5% Extra Housing Discount for Soldiers
Lucknow Development Authority to offer an additional 5% discount on flats to armed forces personnel with gallantry awards. Proposal up for approval on Dec 5. Read more.
Doctor's Drawing on Organ Donation Gains Attention in T'puram
Dr Radhika Radhakrishnan's pencil sketch at Soorya Art Festival reimagines Michelangelo to highlight deceased organ donation. The exhibition runs until Friday at Ganesh Art Gallery.
How Marriage & Divorce Affect Your Income Tax in India
A complete guide to Indian tax laws on wedding gifts, clubbing of spouse & minor's income, and alimony taxation. Learn key exemptions and avoid penalties.
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