WebApr 10, 2024 · Employers will have to show donation made by employees from their salary to PM-CARES fund in Form 16 TDS certificate. The donation made by employees from their salary to PM-CARES fund through their employer should reflect in Form 16 TDS certificate, the Income Tax department said on Friday. TO READ THE FULL STORY, SUBSCRIBE NOW … http://www.in.kpmg.com/taxflashnews/KPMG-Flash-News-Goldman-Sachs-Services-Pvt-Ltd.pdf
Massachusetts enacts legislation clarifying income tax …
WebApr 1, 2024 · Further, the limit on the deduction of 10% of gross income will also not be applicable for donation made to PM-CARES Fund, it said. As the date for claiming deduction under section 80G of IT Act has been extended up to June 30, 2024, the donation made up to that date will be eligible for deduction from income of FY 2024-20. WebMar 31, 2024 · According to the ordinance, the provisions of the Income-tax Act has been amended to provide the same tax relief to PM CARES Fund as available to Prime Minister National Relief Fund. Therefore,... mass buy in application
Donation to PM cares fund 100% deduction under Section 80G
WebThe donation made to the PM CARES Fund shall be eligible for 100% deduction under section 80G of the IT Act. Further, the limit on deduction of 10% of gross income shall also not be applicable for donation made to PM CARES Fund. Sponsored by The Penny Hoarder What companies will send people money when they’re asked nicely? WebSpecific scheme donation (to notified fund - i.e PM Cares) qualifies for 100% deduction without qualifying limit. Details to fill income tax return and claim exemption under 80G … WebApr 7, 2024 · Conclusion: Contribution to PM Cares Fund is eligible for 100% deduction under section 80G. Any donation made till 30th June 2024 will be eligible for deduction … hydroassoc