Donation Receipt u/s 80G

Save Share

This query is : Resolved

Quick Summary

An education institute received a donation offer from a company director. The director intends to issue a cheque from his personal account but wants the donation receipt and recognition to be in his company's name, using the company's PAN. The query seeks clarification on whether this is permissible under Section 80G of income tax rules, specifically regarding matching the cheque issuer with the receipt recipient and if any declarations are needed.

Trimurti

Trimurti (Querist)
Follow

17 November 2024 Dear Sir,

Greetings!

I have been associates with one of the Education Institute. One of donors inform that he is director in his company and he wants to donation some amount u/s 80G. He will issue the cheque from his personal account however, he provided his company PAN no and suggested to record the donation in favour of his Company and donation receipt should be issued in favour of his company.
My quary is whether
donation receipt be issued in favour of Company although the cheque is given by director from his personal account.
What is Income Tax Rules says about recording of donation u/s 80G. i.e. donation receipt should prepare as per name given in cheque or name given in PAN No.

Should Institution take any declaration from the donor in case of receipt issued in his Company name although the cheque issued from personal account.

I seek valuable feedback from the experts..

Regards

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

17 November 2024 If the donation is from any resident Indian, ensure the cheque is drawn from the donor's account or an authorized account. Get PAN and authorization letter from Director; & issue receipt in the Name of company having PAN.

Trimurti

Trimurti (Querist)
Follow

18 November 2024 Many Thanks Sir... for your prompt response.

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

18 November 2024 You are welcome.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now