Trust regd under section 12a of it act
This query is : Resolved
26 October 2018
1 Trust Registered under section 12A, is it eligible to accept and repay loan in cash during the A Y 2018-19 and
2019 - 20 under IT Act.
2. Trust Registered under section 12A, can incur expenditure in cash exceeding Rs. 10,000/- in both capital and
revenue expenses during the A Y 2018-19 and 2019 - 20 under IT Act.
3. Trust Registered under section 12A, can receive donation in cash exceeding Rs. 2,000/- , is there any other
cash limits for the A Y 2018-19 and 2019 - 20 under IT Act.
2019 - 20 under IT Act.
2. Trust Registered under section 12A, can incur expenditure in cash exceeding Rs. 10,000/- in both capital and
revenue expenses during the A Y 2018-19 and 2019 - 20 under IT Act.
3. Trust Registered under section 12A, can receive donation in cash exceeding Rs. 2,000/- , is there any other
cash limits for the A Y 2018-19 and 2019 - 20 under IT Act.
CA R SEETHARAMAN
(Expert)
26 October 2018
1 Not eligible.
2 No, can't incur any expenses including capital in cash exceeding 10,000.
3 No cash donations exceed 2000.
2 No, can't incur any expenses including capital in cash exceeding 10,000.
3 No cash donations exceed 2000.
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