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 Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
CAclubindia
