The 'Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020', which got assent of the President on Tuesday, also amends a provision in the Income Tax Act to allow 100 per cent deduction on donations to the PM-CARES Fund. "The lim...
"The limit on deduction of 10 per cent of gross income shall also not be applicable for donation made to PM-CARES Fund," an official statement said. With the promulgation of the Ordinance, the last date for filing income tax returns for 2018-19 as w...
"The limit on deduction of 10 per cent of gross income shall also not be applicable for donation made to PM-CARES Fund," an official statement said. With the promulgation of the Ordinance, the last date for filing income tax returns for 2018-19 as w...
The date for making various investment and payment for claiming deduction under Chapter-VIA-B of IT Act, which includes Section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim), 80G (Donations), has also been extended to June 30. Hence, the investment and p...
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