https://www.taxtmi.com/manuals?id=1234 Tax on anonymous donations imposes a two-part charge: a fixed-rate tax on anonymous receipts above a prescribed threshold, and tax on the trust's remaining income after excluding the amount taxed at that fixed rate. Donations excluded from this charge remain subject to the general trust-exemption provisions. Gifts to trusts solely for religious purposes are excluded, but anonymous donations specifically directed to educational or medical activities run by a trust are taxable. Anonymous donations taxed under the special charge are not eligible for general trust exemptions. en-us Mon, 28 Sep 2015 10:45:00 +0530 Wed, 04 Sep 2024 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1234 Tax on anonymous donations imposes a two-part charge: a fixed-rate tax on anonymous receipts above a prescribed threshold, and tax on the trust's remaining income after excluding the amount taxed at that fixed rate. Donations excluded from this charge remain subject to the general trust-exemption provisions. Gifts to trusts solely for religious purposes are excluded, but anonymous donations specifically directed to educational or medical activities run by a trust are taxable. Anonymous donations taxed under the special charge are not eligible for general trust exemptions. Manuals Income Tax Mon, 28 Sep 2015 10:45:00 +0530 https://www.taxtmi.com/manuals?id=1234