Filing ITR-1 this year? You must know about these changes – The Economic Times

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  • Last Updated on 28 October, 2020

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Latest from Taxmann

May 30, 2019
 
Chartered Accountant, Naveen Wadhwa, DGM, Taxmann.com says:

 
  “Any individual who wishes to claim this deduction will be required to furnish additional information – relevant clause under which deduction is claimed, name and address of the donee, PAN of donee and amount of donation made in cash and any other mode. The new schedule seeks detailed information to rule out false claims in ITRs.” Remember, donations in excess of Rs 10,000 in cash are not allowed as deduction. Also, 100 percent of the amount donated is eligible for deduction under this section.

Read the full article here: File ITR-1 this year, Taxmann

 

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