Are there penalties for errors in filing related to section 80g

Section 80g of the income tax act, provides for tax deductions on donations made to relief funds and specified charitable institutions. However, failure to file a claim under this section may result in penalties. If discrepancies are discovered, such as incorrect payer details or the required certificate not being received. In extreme cases, rehashed mistakes might draw in extra fines or examination, including conceivable legitimate activity. The two contributors and altruistic associations should keep up with exact records and guarantee consistency with charge guidelines to stay away from such punishments. Proper diligence in submitting can protect against monetary repercussions and foster a responsible giving society.