Fatema,
The category of 'Person' as defined u/s. 2(31) is immaterial in concluding taxability of voluntary contributions. Kindly refer sec.2(24)(iia) - 'Defination of Income' ; which will clear up all your ambiguity
CA. RUPESH JOSHI
(Chartered Accountant)
(174 Points)
Replied 01 December 2009
Fatema,
The category of 'Person' as defined u/s. 2(31) is immaterial in concluding taxability of voluntary contributions. Kindly refer sec.2(24)(iia) - 'Defination of Income' ; which will clear up all your ambiguity