Donation by a firm
This query is : Resolved
12 July 2009
Dear all,
Can a partnership firm avail deduction of sec.80 G by donating to a charitable trust.
Can a partnership firm avail deduction of sec.80 G by donating to a charitable trust.
12 July 2009
Yes provided the charitable trust is established in India for a charitable purpose and fulfilling the conditions prescribed under the Income tax act,1961 {(80G(2)(a)(iv) read with section 80G (5)}. Also the donation in the form of money only will qualify for deduction.
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