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
Replies (1)
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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