Legal Question in Credit and Debt Law in India

Hello there, My name is Ali. I have a website called Statsinfo. The question is that my website holds a panel called Donation/Investment. Assuming anyone would donate or invest in my website/company. Would that be liable to any tax/ any other questionable circumstance by the government?


Asked on 6/02/16, 3:52 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

02.06.2016

Dear Ali,

If anyone donates any amount, it is advisable and recommended to apply for and obtain a Tax Exemption Certificate in the name of the establishment.

Regards,

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Answered on 6/02/16, 4:07 am

Obtain specific exemption from the Dept as in case of charitable trusts, TTD trusts etc.

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Answered on 6/02/16, 5:05 am


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