Donation
This query is : Resolved
15 February 2017
One thought came in my find that if one person transfer funds in our account and say to donate if in trust on her/his name what are the compliance of income tax that have to follow as per income tax act 1961
15 February 2017
No problem , but make sure you take receipt in his name and when department ask then you give proof of entry of that amount and receipt of donation.
15 February 2017
No issue, you have received donations through bank transfer. Keep record of same, possible PAN and Address of Donor.
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