TMI BlogAnonymous Donations & Tax on Anonymous Donation - Section 13(7) & 115BBCX X X X Extracts X X X X X X X X Extracts X X X X ..... 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. Where the total income of a trust, includes any income by way of any anonymous donation, the income-tax payable shall be:- (i) the amount of income tax calculated at the rate of 30% on the anonymous donations received in excess of the hi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or religious and charitable purposes. However such donations shall be taxable under section 115BBC if the anonymous donation is made with specific direction that such donation is for any university/ school/ educational institutional/ hospital/ medical institution run by such trust. Anonymous donations received by a trust wholly for charitable purposes are taxable under section 115BBC. Anonymous do ..... X X X X Extracts X X X X X X X X Extracts X X X X
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