Accepting Donations from various persons
This query is : Resolved
25 January 2023
Dear Sir,
One of my client is an individual person and he is willing to accept donations from various people to help a family financially as their family members are a minor children and my client wants to fund their education as a guardian.
My query is if he is accepting amounts in his own bank account amounting in lacs from various people as a donation will he be liable to show it in Income tax. It is not my clients income but received for a noble cause.
Please help me in this matter.
Regards,
Divyesh Jain
One of my client is an individual person and he is willing to accept donations from various people to help a family financially as their family members are a minor children and my client wants to fund their education as a guardian.
My query is if he is accepting amounts in his own bank account amounting in lacs from various people as a donation will he be liable to show it in Income tax. It is not my clients income but received for a noble cause.
Please help me in this matter.
Regards,
Divyesh Jain
27 January 2023
accepting donation from relative, consider as gift and nothing add in income. but amount from other will come under inocme from other sources.
27 January 2023
Ok, Thanks for your reply
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