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Section 115BBC & 13(7) - Anonymous Donations

Income Tax - Charitable, Religious, Educational Trust or Institutions or Organizations and Political Parties - 14 - SEC - 115BBC & 13(7): ANONYMOUS DONATIONS Anonymous Donation means any voluntary contribution where a person receiving such contri .....

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us 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 higher of the following amounts, namely: A.5% of the total donations received by the assesse .....

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ction 115BBC if: (i)such donations are received by any trust/ institutions established wholly for religious purposes. Therefore in case of a trust owning a temple, the offerings/ donations made by the devotees etc. shall not be taxable under this sec .....

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