Anonymous donations.
100. (1) Where the total income of a non-profit organisation includes any anonymous donation, the income-tax payable shall be the aggregate of—
(a) the amount of income-tax calculated at the rate of thirty per cent. on the aggregate of anonymous donations received in excess of the higher of the following, namely:—
(i) five per cent. of the total donations received by the non-profit organization; or
(ii) one lakh rupees; and
(b) the amount of income-tax with which the non-profit organisation would have been chargeable had its total income been reduced by the amount of anonymous donations referred to in clause (a).
(2) The provisions of sub-section (1) shall apply notwithstanding that the anonymous donation has been made with a specific direction that it shall form part of the corpus of the non-profit organisation.
(3) No outgoings shall be allowed in respect of any anonymous donation received.
(4) In this section, "anonymous donation" means any voluntary contribution, where a person receiving such contribution does not maintain a record of the identity indicating the name and address of the person making such contribution and such other particulars as may be prescribed.
