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Donation paid by other person


Singh Kamboj   10 December 2020

Singh Kamboj

 13 likes  318 points

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a male person after retirement join a ashram and receive monthly pension from the govt. he open a saving account and many peoples send money as a donation into such saving account. question is this such donation amount treated in the head of other sources or exempt ed income .
JATINDER KUMAR

JATINDER KUMAR (Accountant)     10 December 2020

JATINDER KUMAR
Accountant 
 263 likes  3647 points

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Ashram registered with ITD for taking donations or not ?
Chahat Bansal

Chahat Bansal   10 December 2020

Chahat Bansal

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If income of donations is less then 2.5 lac then no tax liability nor you are required to take registration under income tax.
If donations income is huge (say greater then 2.5 lac ) you must take registration for availing exemptions other wise it is taxable at normal rates as individuals
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Singh Kamboj

Singh Kamboj   10 December 2020

Singh Kamboj

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If register then what can I treated this income , other side if not register then how to deal this income
Chahat Bansal

Chahat Bansal   10 December 2020

Chahat Bansal

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If you remain unregistered then such income will be taxable under head Income from other sources and will not be exempted.
It will be taxable at normal rates of tax as are applicable to individual.
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Singh Kamboj

Singh Kamboj   10 December 2020

Singh Kamboj

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Thanks a lot

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