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Section 115 BBC

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07 July 2009 Q. What amendments made in the treatment of anonymous donation received by religious trust u/s 115 BBC ?
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Ratan Sharma

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Ratan Sharma (Expert)
07 July 2009 Now Anonymuous donations received is exempt upto Rs. 1.00 lac or 5% of net income of trust .
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
07 July 2009 whichever is higher of above two.
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bhupesh saxena

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bhupesh saxena (Querist)
08 July 2009 what is the "net income" for this purpose

"u/s 2(24)" or "GROSS RECEIPT" ?

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