https://www.taxtmi.com/acts?id=11752 Anonymous donations are taxed by first applying a higher specified rate to anonymous donations exceeding the greater of five per cent of total donations or one lakh rupees, and then aggregating that tax with the tax that would have been payable if the organisation's total income were reduced by the amount of those anonymous donations. The provision applies even where the donation is directed to the corpus, and no outgoings are allowable in respect of anonymous donations. "Anonymous donation" is defined by absence of prescribed donor identity and address particulars. en-us Thu, 16 Sep 2010 19:05:16 +0530 Fri, 17 Sep 2010 10:09:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11752 Anonymous donations are taxed by first applying a higher specified rate to anonymous donations exceeding the greater of five per cent of total donations or one lakh rupees, and then aggregating that tax with the tax that would have been payable if the organisation's total income were reduced by the amount of those anonymous donations. The provision applies even where the donation is directed to the corpus, and no outgoings are allowable in respect of anonymous donations. "Anonymous donation" is defined by absence of prescribed donor identity and address particulars. Act-Rules Bills Thu, 16 Sep 2010 19:05:16 +0530 https://www.taxtmi.com/acts?id=11752