In a Budget 2020 presented today by the Union Finance Minister Nirmala Sitharaman has proposed to restrict Anonymous Donations. The Government has proposed Charitable Institutions should disclose details of Donees in Tax Return. Deduction under sub-section (5) of Section 80G of the Income Tax Act with respect to donations to any institution for a charitable […]
The post Budget 2020: No more Anonymous Donations, Charitable Institutions should Disclose details of Donees in Tax Return appeared first on Taxscan | Simplifying Tax Laws.
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