Anonymous Donations to Trust

This query is : Resolved

(Querist)
Follow

07 January 2024 A charitable trust registered u/s 12A and u/s 80G of the Income Tax Act, 1961 has a bank account in which donations are received from the general public through cheques, bank transfers, cash deposits at various branches of bank across India, payments through UPI, etc.

Some donors do not communicate with the trust regarding their donations deposits in bank; therefore, the trust is not in a position to identify the donor.

My query is about the treatment of donations for which the trust does not have details of donors, whether such donations shall be treated to be Anonymous Donations for the purpose of s.115BBC ? Whether the donations received otherwise than through cash deposit though the details of donors is not with the trust, will be termed as Anonymous donations? What will be the treatment of donations deposited by donors at bank branches in cash whose donors are not known?

Further, some donors have provided their addresses but did not provide any identification details such as PAN / Aadhaar, etc. Will the donation from such persons be treated as Anonymous?

Kindly guide and oblige.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

08 January 2024 Yes, all such donations will be considered as ananimous donations and tax payable at 30%.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

cgagroshg cgagroshg

venkanna setty

Jayaram Bramhajosyula

NITHIN GEORGE

DHRUV PATEL

Subscribe Now

Anonymous Donations to Trust

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Article Assistant

GST CONSULTANT

CA Final

GST CONSULTANCY