A sannyasin (Monk) receives voluntarily offerings from his devotees occasionally. Do these voluntarily receipts of offerings are monks' income and btaxable ?
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Offerings of a sannyasin
Replies (2)
If you stand as an Individual you must shown it as your income, If you worked under a trust and registered under 12 A of income tax act then no need to pay tax ( But one condition is that 85% of earnings must utilised for your declared objectives)
agreed with sarath answer
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