Charitable trust of old age home

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Jayasurya B (Querist)
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21 May 2024 Old age home Trust is receiving a consideration from guardians (of that old age people). Is that consideration treated as Donation? If yes what if that donation returned to donee.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 May 2024 unless it is voluntary, it is not considered as donation. It needs to be accounted as receipts incidental to the attainment of the objectives of the organization.

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