Bogus Donation Racket Busted by CBDT, Doners to Face the Heat

Bogus Donation Racket Busted by CBDT, Doners to Face the Heat The CBDT has launched crackdown of the alleged unscrupulous assessees who clai

CA Deepak Gupta

Feb 26, 2019

Last update on Feb 26, 2019

Bogus Donation Racket Busted by CBDT, Doners to Face the Heat

The CBDT has launched crackdown of the alleged unscrupulous assessees who claimed deduction u/s 35(1)(ii) by making donations to bogus research institution.

100's of donors gave donation to a bogus research institution named Rural Development Society located in Hyderabad.

As per CBDT the organization was not recognized for the Purpose of deduction us 35(1)(ii) of the Income Tax act and consequently the doners will not be eligible for any Deduction.

The CBDT has provided a list of the donors and directed that in order to curb the blatant misuse of the beneficial provision, appropriate remedial action with respect to the donors should be initiated by the Assessing Officer.

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.