https://npopedia.com/storage/books/snv15i5-08122403124978.jpg

NPO Taxation - Anonymous Donations

Legal / E-Newsletters
“The Finance Act, 2006 had brought radical changes with regard to treatment of anonymous donations received by charitable organisations by inserting a new section 115BBC, with tax rate @ 30% without any deduction or set off under any other head. Further, the Finance Act, 2009 provided some relief by exempting anonymous donations to the extent of 5% of total donations received or Rs.1 lakh, whichever is higher. However, religious organisations have been kept outside the purview of this provision. In other words, any anonymous donation received by a trust or an institution created wholly for religious purposes shall not be covered by these provisions. In this issue, we discuss the concept of anonymous donations, the legal provisions, its taxability, exclusions, the CBDT circulars & clarifications, etc. For more, please read the Ecommunique in the attachment.
Language : English
Isbn :
No of pages :
Publisher : Financial Management Service Foundation
Author Information : Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma
Published Date : 06-09-2022
Read Here

Related Publications

Most Viewed Books
Load More

Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma

About Author

Dr. Manoj Fogla, specialises in governance, legal & finance issues related to voluntary organisations. He is consultant to various international funding agencies, voluntary organizations and corporate foundations. 

Suresh Kumar Kejriwal is working with NGO sector since last more than 22 years. He has facilitated the process of formulating guidelines for the financial management system for NGO sector.

Dr. Sanjay Patra, A seasoned professional with a demonstrated history of working in the development sector, holds a Doctor of Philosophy (Ph.D.) focused in Monitoring and Reporting of NGO projects in India – Trends and Challenges.

Mr. Sandeep Sharma serves as the Executive Director at Financial Management Service Foundation. A seasoned trainer, facilitated more than 500 workshops across the globe on financial management, NPO governance and legal compliances.

You Need To Login First