Hundial Collections

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Manikandan K (Querist)
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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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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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