Anonymous Donations & Cash Credits: Understanding Applicability of Section 68 & 115BBC to NGOs
This edition examines a critical issue that has long affected charitable institutions in India. It focuses on the applicability of Section 68 of the Income-tax Act to voluntary contributions and the overriding framework established by Section 115BBC for anonymous donations.
This issue provides conceptual clarity and practical guidance on:
- Whether Section 68 applies to voluntary donations received by registered charitable institutions
- The precedence of Section 115BBC as a special provision for anonymous donations
- Compliance expectations for corpus contributions and religious trusts
- Key judicial pronouncements shaping the current position
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