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Www Printablesample Comdonation Contribution12 Sample Donation Contribution Receipt Templates Form

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Www Printablesample Comdonation Contribution12 Sample Donation Contribution Receipt Templates Form

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I recently had an intriguing conversation with a friend sparked by a situation he encountered while placing an order through an online app the app requested an optional donation of a small sum prompting us to consider the impact of these nominal contributions when collected from a large number of users the question that arose would the substantial sum be taxable in the hands of the business collecting it there are several online apps and even numerous offline shops and other businesses in India which while collecting sale proceeds from customers request for nominal donations for several charity purposes can you recall the small donation boxes kept on billing counters of shops for pity donations coming to the taxability of such receipts similar situation was discussed by Supreme Court in the case of Commissioner of income tax versus biggly cotton Mills private Limited

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