In the Budget 2020, the finance minister has proposed certain changes in the way one claim the deduction under Section 80G. The FM also proposed changes with respect to the registration of charitable institutions which are allowed to take such donations. Here are the details.
19 Feb 2020The Rs2 lakh limit for cash transactions, after which a penalty may apply, can be calculated in different ways depending on the situation
4 min read19 Jun 2017Tax rebate to individuals and institutions who give money for charitable purposes acts as a great motivator for philanthropy, say experts
4 min read6 Oct 2016Here are a few cases where even after investing to get tax deduction, you cannot avail the benefit
2 min read12 Feb 2016The NGO or the trust should issue a receipt showing appropriate registration and approval granted
2 min read22 Apr 2015Holding paintings for more than 36 months from the date of acquisition will attract LTCG.
2 min read12 Jun 2013The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared