News Topics

 Hey....Our trust has received anonymous d...

 Hey....Our trust has received anonymous donations...Will our charitable trust be eligible f...

 Hey....Our trust has received anonymous donations...Will our charitable trust be eligible for exemption on such anonymous donations? 

0
Jeeba Aug. 16, 2018

If the trust receives anonymous donation then it will be taxed at 30% of the donation received under section 115BC.

However, such donation would be exempt from tax higher of

  1. One lakh or
  2. 5% of the total donation received.

 Hey....Our trust has received anonymous donations...Will our charitable trust be eligible for exemption on such anonymous donations?