I have seen my trader friends to party donations to pay less taxes. As per the law we can donate 20% of our gross income to any party for the tax deduction benefits. Do any of the software engineers also donate to party?
This has become very risky in last couple of years, last year many people have got income tax notice. the reason of these notices are the political party which is taking donation only exists on Paper.
Yes people do that all the time. Personally been doing it since 3 years. These are usually small parties (but registered with election commission). You can find these agents with a local CA in your city
I'm a salaried person with about 50 L base pay + some interest income + capital gains from equity. I'm currently paying around 10- 11 L in income tax.
I'm following the old regime Claiming below major deductions Hra 80c Nps Political ...
Isn't tax also political party donation😅
Hate seeing so much of money go into taxes to this so called goverment. How are ya'll budgeting to save on taxes
Hi everyone just want to know does donation thing worked for u in saving tax especially to current running govt ? Recently heard people are being asked regarding the same ? I dont hv to worry about this now but will hv to in upcoming yrs .
