New Delhi | 15 May, 2018 (2 years, 2 months ago)

Other

Is the money donated through a crowd funding platform taxable in India?

I am an Architect in India (Ahmedabad/Lucknow). I have been preparing to study masters in the US and recently, I got accepted at Harvard University to study design. Since my savings will not suffice and I cannot put up a collateral for an education loan, I am looking to crowdfund my studies.
Answers
11 Jul, 2018 | 15:45

Yes. Any funds raised in this manner will be taxable as your income.


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