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DONATIONS RECEIVED BY BODY CORPORATE: TAXABLE OR NOT?

DONATIONS RECEIVED BY BODY CORPORATE: TAXABLE OR NOT?

by MehraGoelCo | Mar 23, 2021 | Newsletter

Introduction While there are many resources available to define the treatment of donations received by Charitable Trusts and NGOs, there is still ambiguity over the treatment of donations received by a body corporate.  Let us assume that a company is engaged in the...