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offering vs income

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 February 2017 Sir, as per cutom in india a sannyasi receives money from the devotees/disciples as offerings. As per income tax act of india, are these offerings deemed to income and to be taxed, or to be treated as gift ?
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Sandeep Dharar

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Sandeep Dharar (Expert)
03 February 2017 This is not gift but income of that holy man(saadhu). So it will b taxed accordingly. But generally they earn in cash, so one can't define his/her alms. And they are mendicant so hardly their income crosses the taxable limit(instead of alike Nirmal Baba) ;))
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 October 2021 If the sanyasi files the return, his income is taxable under IFOS.
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