DONATION EXCEEDING RS 20000 IN CASH
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2010
Whether the donation exceeding Rs 20000 in cash given by a trust registered u/s 12A to another registered trust will be hit by the provisions of sec 40A(3)?
CA Ayush Agarwal
(Expert)
05 January 2013
No hit.
No Connection.
But Further Let Me Add, From Financial Year 2012-13,Under Section 80G/GGA (Subsequent Section of Donations), No deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees unless such sum is paid by any mode other than cash.
Regards,
CA Ayush Agrawal
No Connection.
But Further Let Me Add, From Financial Year 2012-13,Under Section 80G/GGA (Subsequent Section of Donations), No deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees unless such sum is paid by any mode other than cash.
Regards,
CA Ayush Agrawal
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