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Informative

Political Donations: Income Tax Dept. Probes Taxpayers who Availed S.80GGC Deduction for FY 21 & 22

Update / Judgement Date

05 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceIncome Tax

The Income Tax Department is probing taxpayers who availed Section 80GGC deduction for political donations in FY 21-22. This action highlights the department's scrutiny of tax deductions. It underscores the importance of accurate reporting. This move reflects the department's efforts to ensure compliance. It emphasizes the need for transparency. The probe aims to prevent tax evasion.