14 March 2014
Dear Sir Is there any restrictions if trust received cash more than Rs.10000/- what are the implications if trust received more than Rs.10,000/- By Cash Please provide me if any circulars in this regard. Thanks in advance.
14 March 2014
Deduction for donation by way of cash exceeding Rs. 10,000/- will not be allowed to the PAYOR w-e-f 1.4.2013 vide section 80G (D) of the Income tax Act,1961.