Is there any limit for a trust to receive donation in cash?
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Donation to a trust
Replies (9)
no limit as such provided the donation is not anonymous donation.. refer sec 115bbc for more details..
there is no limit to recevie donation by trust prrovided 85% amt. will be utilized for public welfare (sec 13A)
| Originally posted by : sunny | ||
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no limit as such provided the donation is not anonymous donation.. refer sec 115bbc for more details.. |
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| Originally posted by : Raman Goel | ||
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there is no limit to recevie donation by trust prrovided 85% amt. will be utilized for public welfare (sec 13A) |
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dear raman plz correct ur self.. relevent section is sec 11 & 12... not sec 13A. sec 13A is for political parties. thx....
there is not restriction for receiving cash donation, however if donation is nature of sec 115BBC, then it may be taxable according to situation.
no limit provided it is not anonymous donation
Yes i'll agreed with all above. Cash Donations have no limit provided they are not ANONYMOUS DONATIONS.
Thanx frenz :)
if donation is given then what benifits donee will get in tax?
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