Anonymous donation

Do i have to enter anonymous donation under the Other source Income tab in ITR -2  as its entered under schedule- SI.

If i enter in other source of income, its taxed twice.

 

Replies (1)

Anony' donation can never appear in ITR -2 because it is generally in context of Trust which is required to file its ROI in Form ITR-7....yes in ITR-7 it is to be metioned in Other Income>Anoy Donation and taxable at max margianl rate u/s 115BBC subj. to some exemp.....

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register