Donation paid in cash rs.1,00,000/-

mani muthukrishnan (Accountant) (92 Points)

11 July 2012  

A private limited company has paid Rs.1,00,000/- by cash to an educational trust who is registered U/s 80 G and receipt has been duly issued. 

The question arising are :

1) Can the Company claim exemption of 50% u/s 80 G ?

2) Will cash payment above 20000 rule apply  and disqualify the exenditure ?