80G and other

250 views 1 replies
hi sir I am Madhu

sir my doubt is a company donating 1000000 and more to aTrust. and asking 80G ,12AA,FCRA.35AC 123 letter and documents
what is that letters ???
I asked him why u donating that much amount ?
he said for deductions purpose

Total will be comes under 80G?

my doubt is instead of donating 1000000 he can pay only 30% tax on taxable income & he can save it right ? then y he is paying sir ?
I think that's not deductions purpose !!

please tell me if anybody know about this

thanks in advance
Replies (1)
the company directors might be trustees of the trust and in either way they will be benefited. they will get funds for trust at the same time they will get deduction from tax

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