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of <h1>Tax on Anonymous Donations: Section 115BBC imposes 30% tax on anonymous donations to certain entities, with specific exemptions.</h1> Section 115BBC, introduced in the Finance Act of 2006, mandates that anonymous donations received by certain entities, such as universities, educational institutions, hospitals, funds, and trusts, are taxed at a rate of 30%. This applies when these donations are part of the total income of the assessee. However, exceptions are made for trusts or institutions established solely for religious purposes or for religious and charitable purposes, provided the anonymous donation is not specified for educational or medical institutions. An 'anonymous donation' is defined as a contribution where the donor's identity is not recorded.
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