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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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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