This discussion addresses whether donations received for a cancer patient's treatment are eligible for income tax exemption in India. While there's no direct exemption for funds raised via websites like Milaap or directly from well-wishers, Section 80DDB of the Income Tax Act offers some relief for specified medical treatments. Alternative strategies include directing funds straight to the hospital or distributing donations over different years to potentially reduce tax liability.
29 October 2021
My son has received Rs10 Lac from Fund Raiser Website of MILAAP and 8 Lac directly from well Wishers in son's saving account. 1.is there provision to apply IT Authority for exemption on donations received from above said 2 sources for cancer treatment. Power to IT authority under which section.? 2. Anyway to save income tax?
30 October 2021
1. No such specific clause in the act. 2. a)Sec. 80DDB of the act gives some relief. b) Any arrangement for directly giving the amount to hospital can save more. c) Distribute the donation among different persons and/or different years.