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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Accrual of income - Unspent amount of donations - The donation ...


Donations for Next Fiscal Year Not Considered Current Year Income per Case Law on Conditional Donations.

June 20, 2018

Case Laws     Income Tax     HC

Accrual of income - Unspent amount of donations - The donation which pertains and to be used and spent during the next F.Y. cannot be treated as the income of the year under consideration when there is a specific condition as desired by the donor

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