CBDT Crackdown on Fake Donations – Section 80G Misuse Simplified (With Real Cases & Legal Details)
The Central Board of Direct Taxes (CBDT) is taking strong action against fake donations being claimed under Section 80G of the Income Tax Act, 1961. While Section 80G was introduced to encourage genuine philanthropy, investigations have revealed that some charitable trusts and donors are misusing it to evade taxes.This misuse not only causes loss to … Read more