Donations receivable by charitable trusy
This query is : Resolved
ARUN KUMAR GARG
(Querist)
21 September 2014
How much cash donation can be received by A charitable trust ? And
How much cash donation can be received from singal unknown donor
my second question is resolved but my first Q is still un answered that how much cash donation can be receievd by trust if it received from any person who gives his name identity ?
How much cash donation can be received from singal unknown donor
my second question is resolved but my first Q is still un answered that how much cash donation can be receievd by trust if it received from any person who gives his name identity ?
CA R SEETHARAMAN
(Expert)
21 September 2014
Up to Rs. 10,000. can be received in cash. Any cash received from unknown donor will be taxable at 30% in the hands of the trust when it exceeds (A) five per cent of the total donations received by the trust; or
(B) one lakh rupees which ever is higher.
(B) one lakh rupees which ever is higher.
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