Read all Latest Updates on and about Section 80G of the Income Tax Act 1961

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Section 80G of the...

Surplus and Fee Receipts Not a Ground to Deny 80G Approval: ITAT Overturns CIT(E) Denial [Read Order]

Franklin Joshva

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) directed the Commissioner of Income Tax (Exemptions) [CIT(E)] to grant approval...

ITAT Grants Relief to NGO: Technical Filing Error Won't Block 80G Tax Benefits [Read Order]

Religious Objects must be Assessed under 5% Expenditure Rule: ITAT restores 80G Application [Read...

ITAT Condones 164-Day Delay, Grants Assessee Another Chance for Registration u/s 12AB [Read Order]

S. 12A Application Pending Before CIT(E): ITAT Remands S. 80G Claim Rejection Matter for Concurrent...

Rejection of 80G Application Due to Incorrect Assumption: ITAT Sets Aside the Matter to CIT(E) [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) set aside the rejection of the 80G application under the Income Tax Act, 1961 by the Commissioner of Income Tax(Exemption) [CIT(E)] due to...

Benefit u/s 80G of Income Tax Act Cannot be Denied due to Technical Error in Making Application For Final Approval: ITAT [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) held that the benefit of Section 80G of the Income Tax Act, 1961 cannot be denied due to technical errors that occurred in making the...

Can CSR Expenses Claimed for Deduction under Section 80G of Income Tax Act?

Under the Indian Income Tax Act, Corporate Social Responsibility ( CSR ) expenses are generally not allowed as a business deduction. This policy is rooted in Section 37(1) of the Income Tax Act,...

Investments with Co-operative Society eligible for Section 80P(2)(d) Deduction: ITAT [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that under Section 80P (2)(d), taxpayers are eligible for a deduction on interest and dividend income earned from...

CSR Expenses Eligible for Deduction u/s 80G of the Income Tax Act: ITAT restores Matter to CIT ( Appeals ) [Read Order]

In a recent case, the Raipur Bench of the Income Tax Appellate Tribunal ( ITAT ) held that “Corporate Social Responsibility” ( CSR ) expenses are eligible for deduction under section 80G...

Rejection of application of exemption claimed u/s 80G of Income Tax Act on account of failure to produce documentary evidence: ITAT directs Readjudication [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) of Bangalore bench while observing the rejection of the application of exemption claimed under Section 80G of the Income Tax Act, 1961 on account of failure...

[TAXSCAN 360] Busting 6 Income Tax Myths and Misconceptions in India

Every year citizens of India pay Income Tax for the Annual Income and profits earned by a person or entity during a financial year starting from the 1st of April to the 31st of March of the...