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BusinessEconomic Times ·

Couple Donates Rs 50 to Dodge Rs 5.3 Crore Income Tax Bill

A couple reportedly made a token donation of Rs 50 in order to reduce their tax liability. The move was intended to shield a sizeable income tax demand of roughly Rs 5.3 crore from being imposed. The case highlights how small charitable contributions can be used to claim tax benefits under certain provisions. Details of the specific legal provisions and the outcome of the matter are part of the broader report.