The Income Tax Appellate Tribunal (ITAT), Panaji has held that the provisions of taxation of the anonymous donations are not applicable in case of Religious Trust. The main object of the assessee, a religious Trust is to perform pooja, Viniyoga, worshiping a deity, distributing annaprasadam (i.e., serving free meals) to devotees who visit Sonda Math […]
The post Anonymous Donations received by Religious Trust not Taxable: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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