Dear Sir,
One of my client is an individual person and he is willing to accept donations from various people to help a family financially as their family members are a minor children and my client wants to fund their education as a guardian.
My query is if he is accepting amounts in his own bank account amounting in lacs from various people as a donation will he be liable to show it in Income tax. It is not my clients income but received for a noble cause.
Please help me in this matter.
Regards,
Divyesh Jain
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thanks in advance.
Accepting Donations from various persons