Taxability of Anonymous Donations; UPI QR Code Based Donations via YouTube Shorts-Insta Reels on NGO скачать в хорошем качестве

Taxability of Anonymous Donations; UPI QR Code Based Donations via YouTube Shorts-Insta Reels on NGO

Taxability of Anonymous Donations through UPI QR Code-Based Donations via YouTube Shorts and Instagram Reels | Anonymous Donations Anonymous Donations means donations received by a trust or institution where the identity of the donor is not known, i.e., no proper name, address, or other identification details have been recorded As per Section 115BBC of the Income Tax Act, 1961 – Anonymous Donations are taxable @ 30%. Maximum 5% of Anonymous donations are permitted in a Charitable Trust or Institution. How to handle the issue of Anonymous Donations effectively? Suggestion No. 1: The provisions of Anonymous Donations do not apply to wholly religious trusts. Suggestion No. 2: You must request in your YouTube Videos and reels that the donor must send you his name and address subsequently on a WhatsApp Number. Suggestion No. 3: Your bank provides a daily consolidated credit statement with an Excel file containing RRN i.e. Retrieval Reference Number. Coordinate with your bank to obtain the donor's name and mobile number. __________________________________________ #donations #donation #ngo #charitabletrust #charitableorganization #section12AB #section80g Queries are welcome at the email address: OFFICE@SHARKAUDITORS.COM Suresh Wadhwa, LL.B., FCA Office Tele: +91- 9717 00 2510 | 87006-04006 | Email: office@sharkauditors.com Office No: C-307, Noida One Building, Plot No. B-8 Paramhansa Yogananda Marg, Sector 62, Noida, 201309, UP