Donations received by cash above 2000
This query is : Resolved
14 September 2023
Donations received by cash more than 2000/- from each person can be used for application of income otherwise taxable in the case of society registered u/s 12AB
14 September 2023
The limit of Rs. 2000/- is applicable on a person who is desires to donate an amount to a trust registered under section 80G of Income Tax Act.
Yes, such donation can be used for application or deposited in Bank for future use within 5 years with permission.
Yes, such donation can be used for application or deposited in Bank for future use within 5 years with permission.
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