Section 80G: For Donor and Donee
Section 80G of the Income Tax Act provides benefits for both donor and donee.
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Section 80G of the Income Tax Act provides benefits for both donor and donee.
Registration u/s 12A- Trust, society, and section 8 companies can seek registration u/s 12A to claim an exemption under the Income Tax Act. Registration u/s 80G- Under section 80G trust or institution can seek registration and it does not apply …
The government has mandated GST Registration for all eligible businesses and failing in doing so may attract further tax-related implications which may cause your business to take a hit
Chapter VIA of the Income Tax Act covered certain deductions that are allowed from the Gross Total Income of the assessee. This chapter also covered deduction under section 80DD, which allows taxpayers to claim a deduction for the medical treatment …
Chapter VIA of the Income Tax Act covered certain deductions that are allowed from the Gross Total Income of the assessee. This chapter also covered deduction under section 80DDB, which allows taxpayers to claim a deduction for medical treatment of …
The application for registration under section 12AB of the Income Tax Act can be made by filing Form 10A online on the Income Tax Portal.
For claiming deduction under chapter VIA (e.g. 80C to 80U), a copy of the investment made is required. for example, LIC receipts, medical premium payment receipts (section 80D), the donation made u/s 80G, PPF passbook, etc.
While applying for a new TAN, applicants are not required to submit any documents. The only thing they need to submit is the signed acknowledgment slip