Hi,
There is a temple near to my home.. Monthly Collection of that temple is around Rs.55000/-. The collection is used only for the renovation of temple and meeting day to day expenses.
The Pujari is the only person who made this temple spending his own money in the beginning . Now he is turning to 80.
The entire land is on the name of pujari. It is like he had a place where he made the temple and people started to put money into the collection box.
My question is that the collection money is under the tax liability or not ?
The Temple is not spending collection money for any charitable purpose.
Kindly Suggest......
CAclubindia
