A Mumbai man's Rs 2 lakh donation to a political party for tax deduction backfired. The Income Tax Appellate Tribunal (ITAT) ...

How recent Federal tax law changes are reshaping charitable giving strategies—and what you should do before year-end ...

As part of the provisions in President Donald Trump’s tax and spending package, passed last year, everyday donors may see tax gains, while those who itemize, especially high earners, face stricter ...

One of the ways to reduce your liability this tax year is to decrease your taxable income. And the best way to do this is by taking advantage of tax ...

President Trump's One Big Beautiful Bill Act restores and expands charitable tax deductions for all Americans.

The One Big Beautiful Bill Act made significant changes in the tax benefits of charitable giving, increasing tax benefits for ...

The Tribunal upheld deletion of a Section 14A disallowance after noting that the taxpayer did not earn any exempt income in the relevant assessment year. The ruling reiterates that Section 14A cannot ...

COLUMBUS, Ohio (WCMH) — Ohio lawmakers defended a proposal this month to allow state income tax deductions for church ...

Companies can show support for education by donating excess inventory using NAEIR.org In-kind donations not only ...

A salaried taxpayer who wrongly claimed ₹10.65 lakh in Chapter VI-A deductions for AY 2022-23 ended up paying a 200% penalty after the Income Tax Appellate Tribunal upheld the action for "misreporting ...

Some donors have made commitments to donate more than $70m over the next two years, said DPM Gan Read more at ...