Shobhit Jain (Founder at Arhad Consultancy) 13 November 2018
|Originally posted by : rama krishnan|
|there's no limit but donations made in excess of 2000 by way of cash is not eligible for deduction|
Nitesh bind (Student CA Final ) 14 November 2018
There is No limit on Giving donation but the Tax Deduction would be affected as follows:
In hands of Doner (Trust as mentioned by you):
Deduction would be allowed under section 80GGC for the donation made to political parties/electoral trust. BUT If anything is given in cash that would be Disallowed for 80GGC.
In hands of Political Parties/Electoral Trust:-
Any amount of donation received in Cash above 2000/- shall be Disallowed in their hands. But Upto 2000 cash donation can be accepted by them.