Can i collect money from my friends to support anyone?

Assistant Manager HR

Dear Experts,

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?

 
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Lawyer in Hyderabad.wats app no.9989324294

Under charity society only you can do that. First register your charity society under societies law in your state. 

 
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Assistant Manager HR

Thanks! It is a year or two process. Creating society will involve lot of politics too...I don't want to take it that way...it is help someone only.

 
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