https://www.taxtmi.com/article/detailed?id=11668 The note explains that an anonymous donation arises when a charitable or related institution receives voluntary contributions without maintaining prescribed donor identity records (name, address and particulars). Tax law prescribes a special charge on anonymous donations exceeding a rebate threshold and an additional tax computation treating the excess as part of taxable income. Applicability depends on maintained donor records and specified exclusions for wholly religious institutions; appellate review requires verification of donor confirmations and reasoned assessment before applying the anonymous-donation tax mechanism. en-us Fri, 28 Jul 2023 10:29:46 +0530 Fri, 28 Jul 2023 10:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11668 The note explains that an anonymous donation arises when a charitable or related institution receives voluntary contributions without maintaining prescribed donor identity records (name, address and particulars). Tax law prescribes a special charge on anonymous donations exceeding a rebate threshold and an additional tax computation treating the excess as part of taxable income. Applicability depends on maintained donor records and specified exclusions for wholly religious institutions; appellate review requires verification of donor confirmations and reasoned assessment before applying the anonymous-donation tax mechanism. Articles Income Tax Fri, 28 Jul 2023 10:29:46 +0530 https://www.taxtmi.com/article/detailed?id=11668