Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Donation deduction threshold change: claims accepted on payee-provided information, subject to tax-authority verification. Amendment clarifies that deductions under section 80GGA for specified donations shall be allowed on the basis of information furnished by the payee to the ... Summary
Donation deduction threshold change: claims accepted on payee-provided information, subject to tax-authority verification.
Amendment clarifies that deductions under section 80GGA for specified donations shall be allowed on the basis of information furnished by the payee to the prescribed income-tax authority or its authorised representative, subject to verification in accordance with the risk management strategy formulated by the Board, and lowers the cash-payment ceiling for denial of deduction.
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