Menu
Donation Received By Doctor
Agar koi doctor practice main hai aur usko company bolti hai ki wo usko ek particular amount ka donation de rahi hai 80G main to Kya uss doctor ko Lena chahiye? Aur agar liya to wo donation report kaise karenge?
Replies (2)
Quick Summary
Doctor may take the amount, but he is not registered under sec. 12 of IT act, so there will be tax on the amount. It will be treated as taxable gift.
Section 80G is a facility available in the Income Tax Act which allows taxpayers to claim deductions for various contributions made as donations. The deduction under the Act is only available for contributions made to the specified relief funds and charitable institutions.
In your case, it will be taxable in your hand. And, the company is liable to deduct tds u/s 194R @ 10% if the amount is more than Rs. 20,000.
This is my understanding from your post. Thanks.
In your case, it will be taxable in your hand. And, the company is liable to deduct tds u/s 194R @ 10% if the amount is more than Rs. 20,000.
This is my understanding from your post. Thanks.
Recent Topics :
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
- Demand of Late fee/Interest under section 75 of GS
- DSC registration on TRACES portal
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
Related Topics :
CAclubindia
