Whether receipt of Donation in Kind like jewellwery etc. by a registered trust can be treated as INCOME u/s 2(24) of the Income Tax Act,1961.
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Whether receipt of Donation in Kind is Income for a trust
Replies (3)
i think yes it will be....
| Originally posted by : Sneha..sunshine.. | ||
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i think yes it will be.... |
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no it will not be consider as income bec. donation given in kind not get deduction u/c VI-A
hence when person give donation it already taxed under giver hand...so if charitable trust consider it income it will be double taxable
let me know if m wrong
thanks
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