The income tax department, through its official portal has informed the taxpayers that the deduction under section 80G of the Income Tax Act, 1961 excluding category D shall be allowed on the basis of claims made in the income tax return.
“It may be noted that statement of donation in Form 10BD and certificate of donation in Form 10BE is only applicable to the fund or institutions approved under sub-clause (iv) of clause (a) of sub section (2) of Section 80G i.e Category D – Donation entitled for 50% deduction without qualifying limit. In respect of donations which fall in any other category (excluding category D), the deduction under Section 80G of the Act shall be allowed to an assessee based on the claim made by him in his return of income E.g. Donations made to PMNRF and PM CARES Fund etc,” the income tax department said.
Section 80G is a facility available in the Income Tax Act which allows taxpayers to claim deductions for various contributions made as donations. The deduction under the Act is available for contributions made to the specified relief funds and charitable institutions.
The last date for filing income tax returns by the taxpayers not subject to tax audit was 31st July 2022. Presently, the income tax department is verifying the refunds claimed by the taxpayers towards the TDS deductions.
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