What is the cash limit for donation.
that a trust can receive from a donor
as per 80G it is 2000
but what if a donor doesn't want to get 80g benefit.
and he wants to donate 50000 rs cash
can a trust receive cash up to rs 2lakh. ?
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Cash limit for donation to trust
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Yes, If the cash donation is considered anonymous (i.e., the identity of the donor is not recorded), it may be subject to taxation at a rate of 30% if it exceeds the specified limits. The aggregate of anonymous donations cannot exceed the higher of Rs. 1 lakh or 5% of total donations received in a financial year.
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