Proof
This query is : Resolved
Shubham Jain
(Querist)
20 December 2014
Sir,we runs a charitable trust . So, we receive donation. Sir we know that we dont need to pay tax on such donation but what is the proof that it is amount of donation or what proof we should obtain from doner
Rupesh Jain
(Expert)
20 December 2014
if you registered u/s12A of income tax act.
then your donation will exempt.
for donation you received by cheque or through banking systems and take any id proof if donor want to give.
then your donation will exempt.
for donation you received by cheque or through banking systems and take any id proof if donor want to give.
20 December 2014
Donation amount received thorugh banking mode and is seperately accounted for and all the disbursement for achieveing the objects of trust must be disclosed seperate.
CA R SEETHARAMAN
(Expert)
20 December 2014
Obtain Name and address for all donations and PAN No. is required if Donation is for Rs 50,000 and more.
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