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Deduction for donations u/s 80G (except specified like PM National Relief Fund) not to be given by employer. Employee can claim in ITR.
Section 56 not applies to bonus & rights shares offered on proportionate basis – [Sudhir Menon HUF Vs. Asst. CIT (ITAT Mumbai)].
Assessee entitled to interest U/s. 244A of the Income Tax Act on refund of excess deduction of tax at source (TAS) made pursuant to order u/s 195- [Supreme Court of India].
Section 56 not applies to bonus & rights shares offered on proportionate basis – [Sudhir Menon HUF Vs. Asst. CIT (ITAT Mumbai)].
Assessee entitled to interest U/s. 244A of the Income Tax Act on refund of excess deduction of tax at source (TAS) made pursuant to order u/s 195- [Supreme Court of India].