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Annonymous Donation by ayushjain22apr2004 is a document available to read on EtoBox.
What is Annonymous Donation about?
The Income Tax Department has established that anonymous donations will be taxed under specific conditions, particularly for educational and medical institutions. Tax will be calculated at a rate of thirty percent on anonymous donations exceeding either five percent of total donations or one lakh rupees. Certain trusts and institutions, particularly those established for religious purposes, are exempt from this taxation on anonymous donations.
- Author
- ayushjain22apr2004
- Language
- EN