TAXASSIST Launched: Your Guide to 80GGC Political Donation Deductions
The Income Tax Department has rolled out TAXASSIST, a new initiative designed to help taxpayers with questions about deductions claimed for political donations under Section 80GGC of the Income Tax Act, 1961. This move comes amid growing concerns about the misuse of this provision. Understanding Section 80GGC Section 80GGC allows individuals (but not businesses) to … Read more