A sannyasin (Monk) receives voluntarily offerings from his devotees occasionally. Do these voluntarily receipts of offerings are monks' income and btaxable ?
Menu
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
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
CAclubindia
