I am a 45-year old male. Recently (around 4 months back), I suffered hearing loss in both my ears. I have been advised to undergo Cochlear Implant surgery by my doctor, which costs INR 10 Lakhs. I have been receiving donations from Indian and foreign friends, around INR 7 Lakhs. This amount will be used for my medical treatment. Will this be counted as my income ? I am currently not in a job. Do I have to declare this amount while filing IT returns, and are there any tax implications on this ?
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Tax implications on donations received to personal account for medical treatment
Replies (2)
will not be counted as yr income...but documentary record should be maintained to prove that u have recd donations
I think it will be treated as gift and hence taxable.
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