taxpayer

If the charitable organisation is registered with the Income Tax Department, the donations received for covid treatment will not be taxable (PTI)

Know the tax implications if your covid treatment is crowdfunded

[ad_1] Several crowdfunding organisations are pooling donations to help those facing a financial crisis as the country grapples with the second wave of covid-19. However, the recipient should know that extended financial help may have tax implications. “A donation will be considered a gift in the hands of the recipient and will be tax-free up […]

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