Anonymous donation tax adjustment reduces taxable income by excess anonymous donations for computing income tax liability. The substituted clause (ii) of sub-section (1) provides that the amount of income-tax with which the assessee would have been chargeable shall be ... Summary
Anonymous donation tax adjustment reduces taxable income by excess anonymous donations for computing income tax liability.
The substituted clause (ii) of sub-section (1) provides that the amount of income-tax with which the assessee would have been chargeable shall be determined had his total income been reduced by the aggregate of anonymous donations received in excess of the amounts referred to in the relevant sub clauses of clause (i).
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