Anonymous donations taxability: donations to specified trusts taxed when exceeding statutory threshold, taxed at a specified rate. Anonymous donations to trusts (other than religious trusts) are taxable only to the extent they exceed the higher of a fixed monetary threshold or a ... Summary
Anonymous donations taxability: donations to specified trusts taxed when exceeding statutory threshold, taxed at a specified rate.
Anonymous donations to trusts (other than religious trusts) are taxable only to the extent they exceed the higher of a fixed monetary threshold or a percentage of total donations received; tax applies solely on the excess amount and is chargeable at the prescribed rate with applicable surcharge and health and education cess.
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