Hundial Collections
This query is : Resolved
14 March 2009
Sir, My Query
1. Whether Hundial Collections from Unknown Persons for a specified purpose will be treated as income or not. And this collections was made by AOP by means of any of their trust will be treated as income or not.
1. Whether Hundial Collections from Unknown Persons for a specified purpose will be treated as income or not. And this collections was made by AOP by means of any of their trust will be treated as income or not.
14 March 2009
Hundial Collections are anonymous donations.Generally anonymous donations are taxed at 30%+ SC+ EC+ SHEcess. However anonymus donations are not taxable if received by trust/institutions created or established 1)wholly for religious purposes; or 2)wholly for religious and charitable purposes.
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