Let’s pause for a minute to see how big a violation of the law this is.
It seems donations (domestic or international) are being channelled to the lady’s personal account. Individuals cannot take donations, it’s completely illegal.
opindia.com/2021/05/rana-a…
It seems donations (domestic or international) are being channelled to the lady’s personal account. Individuals cannot take donations, it’s completely illegal.
opindia.com/2021/05/rana-a…
If any funds have been collected as donations by an individual, it is illegal and punishable by jail term. If it is crowdfunding for a cause, the funds going to the individuals account will not count as donation. It will be accounted as their personal income in tax books.
If an unregistered body accepts foreign funds, it constitutes a grave violation of the FCRA Act and is again punishable by jail term. If an individual channels funds from overseas into their own account, it’s their income. Donor is cheated by labelling it donation.
If we accept the contention that the concerned lady actually channelled the funds to various beneficiaries, she gets no tax benefit other than statutory deduction under IT Act, it will still be counted as her taxable income. Donor gets no tax benefit under 80g or 12aa.
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