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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Donations in golaks - AO proposed to tax the anonymous donations ...


Anonymous Donations to Charitable Trusts: Small Donations Not Taxed, Focus on Large Unaccounted Funds via Golaks.

April 5, 2016

Case Laws     Income Tax     AT

Donations in golaks - AO proposed to tax the anonymous donations - The Legislature intended to tax the unaccounted money or black money which was brought in the books of charitable trusts in bulk and this law was not meant for taxing the small and general charities collected by the Genuine Charitable Trusts. - No Addition - AT

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