Dear Friends,
One of our client making sponsorship to a trust. The trust has 80G certificate.
1. Can 80G deduction be claimed on Sponsorship amount?
2. On receipt of sponsorship amount, can a trust give a receipt mentioning such amount is eligible for 80g benefit?
Kindly suggest..
Thanks in Advance...
Can you please help me
How to treat sponsorship receipt actually we use to manage events such as educational fairs. And for such event we use to collect sponsorship. And what will be its nature? Direct/Indirect? we need to issue invoice for against the payment ah ?
Thanks in advance
CAclubindia
