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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Anonymous donation - The ITRs and the letters from the donors ...

Case Laws     Income Tax

November 8, 2019

Anonymous donation - The ITRs and the letters from the donors stating that the donation has been given for the trust for conference, and towards the corpus fund. Hence, they cannot be treated as anonymous donations within the provisions of the Act liable to be taxed u/s 115BBC(1) of the Act.

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