Taxation of donation received
Atharv Sankliya (1354 Points)
16 July 2023Atharv Sankliya (1354 Points)
16 July 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 16 July 2023
Any donation received from RELATIVES as per sec. 56(2)(x) will be tax free.
But aggregate of donation received from non relatives (if above Rs. 50K) will be taxed as per slab rate.
He can get exemption u/s. 80G if donated to such registered organization/s.