Donation taxation

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285 Points Posted on 22 October 2020
whether donation received is taxable for a company
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On 22 October 2020 at 14:44 Report
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This discussion explores whether donations received by a company are considered taxable income. Generally, donations are taxable if the company provides something in return to the donor. However, if the donation is purely for the company's growth without any exchange, it may not be taxable as income from other sources.

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Master in Accounts & high court Advocate
9620 Points Posted on 22 October 2020

Basically, donations are taxable income if donors receive something in exchange for their generosity. Otherwise, they're non-taxable 

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On 22 October 2020 at 15:45
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285 Points Posted on 22 October 2020
Ok sir .If a company receives donation for the sake of its growth whether it is taxable in the hands of the company as income from other sources
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On 22 October 2020 at 16:35

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