Menu
Taxability of donations received by individual
Whether the donations received in the bank account of an individual from public for his medical emergency is taxable for him?
Replies (2)
Quick Summary
Yes..it is taxable subject to basic exemption of 50000
Can any deductions can be claimed for the medical expenses incurred?
Recent Topics :
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
Related Topics :
CAclubindia
