U/s 12 AA
This query is : Resolved
19 May 2009
What is the ceiling limit for a trust or organization registered U/s.12 AA of Income tax act 1961, to obtain PAN number from donors? Pls clarify.
What is the ceiling limit for a trust or organization registered U/s.12 AA of Income tax act 1961, to obtain PAN number from donors? Pls clarify.
19 May 2009
Rs. 10,000.00.
20 May 2009
Tks. I have one more doubt. the above limit is greater than Rs.10000/- or greater than equal to Rs.10000/-
02 August 2025
Regarding the **ceiling limit under Section 12AA for PAN collection from donors**:
* The **limit is Rs. 10,000**, meaning that if a donation is **equal to or exceeds Rs. 10,000**, then the trust or organization should obtain the PAN details of the donor.
So, it’s **≥ Rs. 10,000** (greater than or equal to 10,000), not strictly greater than 10,000.
---
**Summary:**
* Donations **of Rs. 10,000 or more** — PAN of donor must be obtained.
* Donations **below Rs. 10,000** — No mandatory requirement to collect PAN.
---
This is consistent with the reporting and documentation requirements for trusts and entities registered under Section 12AA of the Income Tax Act, especially for audit and exemption purposes.
* The **limit is Rs. 10,000**, meaning that if a donation is **equal to or exceeds Rs. 10,000**, then the trust or organization should obtain the PAN details of the donor.
So, it’s **≥ Rs. 10,000** (greater than or equal to 10,000), not strictly greater than 10,000.
---
**Summary:**
* Donations **of Rs. 10,000 or more** — PAN of donor must be obtained.
* Donations **below Rs. 10,000** — No mandatory requirement to collect PAN.
---
This is consistent with the reporting and documentation requirements for trusts and entities registered under Section 12AA of the Income Tax Act, especially for audit and exemption purposes.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Make-up ITC- Eligibility
- ITC Re-claimable Ledger
- F & O Loss Audit Requirement
- Overtime income in salaried person case
- New tax regime and old tax regime.
- RCM invoice related QRMP
- Regarding GST applicability on RWA
- BUSINESS +STOCKS
- Upload Verification Error ITR 3 AY205-26
- Rectification of error U/s 154
- GST registration /aadion a new place of business in the same state and city
- CSR Applicability FY 2425
- Late fee CMP-08 FY 2021-22
- Mismatch in gstr-1 and eway bill invoice no
- Clarification Regarding Tax Deduction at Source on Receipt Against Issuance of Privilege Voucher
- GST TDS on metal scrap
- ITC Inter head difference
- 80CCD(2) of IT ACT
- Guidance for proper GST accounting (eway bill with correct valuation) for cut-to-pack job work given
- GST Treatment multiple delivery services
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
