Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income Tax Act Section 115BBC Amended: Anonymous Donation Tax Calculation Revised Effective April 1, 2015.</h1> Section 115BBC of the Income-tax Act has been amended by the Finance (No. 2) Act, 2014. Effective from April 1, 2015, the amendment revises clause (ii) in sub-section (1). The new clause specifies that the income tax chargeable to the assessee shall be calculated by reducing the total income by the aggregate of anonymous donations received, which exceed the specified amounts in sub-clause (A) or (B) of clause (i).