22 December 2013
sir i have a query I went to a Trust for audit,here any donations by people to trust are eligible for sec-80g deduction,usually the trust accept general donations from pepole,but now the trust members were acccepted building fund(donation) by some people,and they make one stamp on receite of donations which indicate donor is eligible for 80 deduction,but the trust members are in confusion to make stamps on such building fund donors to make them eligible for exemtion,,,is building fund(donation) donors are eligible for such donations or this 80g section prescribed any conditions for donation?
22 December 2013
yes. they are eligible. I believe there are many contradictory views on this. But the language of Section 80G is very clear. Any sum paid is covered under it. There has been no discrimination made in the section in this regard.
CAclubindia
