Donation taxation
MAHARAJA SELVA ESWAR (285 Points)
22 October 2020
whether donation received is taxable for a company
2 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5150 Points)
Replied 22 October 2020
Basically, donations are taxable income if donors receive something in exchange for their generosity. Otherwise, they're non-taxable
MAHARAJA SELVA ESWAR
(285 Points)
Replied 22 October 2020
Ok sir .If a company receives donation for the sake of its growth whether it is taxable in the hands of the company as income from other sources
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