I have always received good guidance from this forum, looking forward for another better experience. Thanks in Advance!
I want to support someone who is in hand to mouth and can't earn for survival himself.
1. Can I collect money from my friend circle (in my savings account) and help the needy?
2. Can this collection be regular if needed?
3. If I do so, is the amount taxable for me?
4. If yes (point 3), how much I need to pay as tax and under which section of tax law?