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Hundial Collections

This query is : Resolved 
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(Querist)
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.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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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