Made a political donation? Income Tax Dept launches Tax Assist to help you respond to an income tax notice

The Income Tax Department is scrutinizing deductions claimed under Section 80GGC for political donations, prompting notices to taxpayers. A new portal facility assists in responding to these notices, emphasizing the need for valid donation receipts. Taxpayers can withdraw incorrect claims by filing an updated return, but ignoring notices may result in penalties.

from Tax-Wealth-Economic Times https://ift.tt/OunLXdk