New Income Tax Bill: Changes in TDS refund claims while filing ITR? Top points suggested by Parliamentary panel
Monday, 21 July 2025 A parliamentary committee reviewing the Income Tax Bill 2025 suggests allowing individual taxpayers to claim TDS refunds beyond the deadline without penalties. The committee also advocates for tax exemptions on anonymous contributions to trusts serving both religious and charitable purposes, addressing concerns about the taxation of NPO receipts and potential negative impacts on numerous organizations within India's NPO sector.
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A parliamentary panel led by BJP's Baijayant Panda has recommended continuing tax exemptions for anonymous donations to religious-cum-charitable trusts in the... IndiaTimes
Monday, 21 July 2025
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