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Donation

This query is : Resolved 
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(Querist)
15 February 2017 One thought came in my find that if one person transfer funds in our account and say to donate if in trust on her/his name what are the compliance of income tax that have to follow as per income tax act 1961
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Vaibhav

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Vaibhav (Expert)
15 February 2017 No problem , but make sure you take receipt in his name and when department ask then you give proof of entry of that amount and receipt of donation.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
15 February 2017 No issue, you have received donations through bank transfer. Keep record of same, possible PAN and Address of Donor.
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