Crowdfunding and tax: why good intentions alone don't guarantee exemption
· livemint.com
Crowdfunding may be driven by compassion, but that doesn't automatically make the money tax-free. Here's what the law says, why the rules remain unclear, and how to avoid future tax disputes.
One of the key provisions is Section 56(2)(x) [Section 92(2)(m) of the 2025 Act], which taxes money received without consideration unless it falls within one of...