Tax treatment of Donation received by Soceity Havin 12A

Gourav Goyal (Industrial Trainee) (230 Points)

01 June 2010  

dear all,

one of my client is receiving voluantry donations from verious person as they are running medical colleges on cherity basis.

i want to know the tax treatment on the same and how the same will be shown in the Balance Sheet.

thanks in advance.
take care