Section 8 Company - not having 12A 80G Registration
This query is : Resolved
komal ameta
(Querist)
22 April 2024
Dear Experts,
The queries are as follows -
Can a section 8 company (without 12A, 80G ) receive public donations when donors don't want to claim 80G exemption?
How will this donation reflect taxes, if any?
Which will be the best applicable form for tax filing - ITR 6?
How will the company can account such donations?
Thank you in advance.
The queries are as follows -
Can a section 8 company (without 12A, 80G ) receive public donations when donors don't want to claim 80G exemption?
How will this donation reflect taxes, if any?
Which will be the best applicable form for tax filing - ITR 6?
How will the company can account such donations?
Thank you in advance.
Nikhil Kaushik
(Expert)
22 April 2024
a sector 8 company without 12A and 80G registration will file ITR-6 only. Donations need to be reported as other incomes. any surplus will be taxable.
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