Anonymous donations

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May i Please Know beyond which amount should i keep the records compulsorily for anonymous donations

Replies (5)

if the amount exceeds rs.20000

sec 66 c helps as unaccounted money and unaccounted expenditure!

Unaccounted moneys are no sin gor income tax dept per law so too unaccounted expenditure but tax is happy it gets its cut by its great tax system!

it is no sin at all to have unaccounted moneys as also unaccounted expenses as all politicians have may be because of that govt does not want to make unaccounted moneys as sin but as a great virtue. so enjoy unaccounted earnings is the message the govt gives to people, so never worry friend, donations are one such!

Thank You Frnds for your Info given


CCI Pro

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