Mukesh Kumar (CA STUDENT) (58 Points)
24 March 2012If we received donation in a charitable organisation and maintain Name and address of the donor but not PAN of the donor.
Whether in the absence of PAN donation'll we treated as anonymous donation or record of name and address is enough to
fulfill the compliance of Income Tax ACt.
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 24 March 2012
Hi
PAN is not necessary.
The Act says name and address of the donor AND SUCH OTHER PARTICULARS AS MAY BE PRESCRIBED.
CA Hemang Shah
(PRACTICE)
(658 Points)
Replied 24 March 2012
Mukesh Kumar
(CA STUDENT)
(58 Points)
Replied 26 March 2012
Dear, Hemang please tell me relevant section or rule no.
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 27 March 2012
clause (3) Section 115BBC states the following:
(3) For the purposes of this section, “anonymous donation” means any voluntary contribution referred to in sub-clause (iia) of clause (24) of section 2, where a person receiving such contribution 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.]
The words 'such Other particulars as may be prescribed' as stated in the section, would also mean that there is an requriement of PAN. Hence if PAN is not available then it would be treated as an anonymous donation.
rikhabdas daga
(Propreitor)
(21 Points)
Replied 10 October 2012
"particulars as may be prescribed' is not clear. There is no Rule as yet presribed in this connection to keep the particulars in addtion to name aqnd address. -r.d.daga
CAclubindia
