Donations to Society
This query is : Resolved
29 May 2010
Hi members,
My name is satyanarayana.P i have a small query regarding donations.
can a private Limited Company give donations to a Society registered under section 80G of the Income tax act? and is there any limitation on this?
Please guide me
Thanks & Regards
Satyanarayana.P
pinnaka.financial@gmail.com
9912336099
My name is satyanarayana.P i have a small query regarding donations.
can a private Limited Company give donations to a Society registered under section 80G of the Income tax act? and is there any limitation on this?
Please guide me
Thanks & Regards
Satyanarayana.P
pinnaka.financial@gmail.com
9912336099
29 May 2010
Yes private company can give donations however they should be properly authorised by the board
30 May 2010
Thank you sir
But
is there any restrictions for providing the donations to society (like it will not exceeds some percentage of profit or share capital)
But
is there any restrictions for providing the donations to society (like it will not exceeds some percentage of profit or share capital)
30 May 2010
yes Co. can do so.
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