Anonymous donation taxation: anonymous donations taxable under the separate provision must be included in the recipient's total income. An amendment to section 13 provides that the exclusions in provisions allowing income to be exempt when applied for charitable or analogous purposes shall not exclude any anonymous donation on which tax is payable under the anonymous-donation tax provision; such anonymous donations must therefore be included in the recipient's total income for the relevant previous year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Anonymous donation taxation: anonymous donations taxable under the separate provision must be included in the recipient's total income.
An amendment to section 13 provides that the exclusions in provisions allowing income to be exempt when applied for charitable or analogous purposes shall not exclude any anonymous donation on which tax is payable under the anonymous-donation tax provision; such anonymous donations must therefore be included in the recipient's total income for the relevant previous year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
