donations

Hi Anurag,

For checking donations received and paid for the things to be considered are:

Companies registered under Companies Act & other than Companies:

1.Whether Articles provide for the same

2.Required % of amount transfered to reserve a/c and should not exceed the ceiling prescribed

3.To check whether the donee who receives donation were given exemption u/s 80G.

4.Whether donations received or paid are backed up by receipt vouchers with required authorisations and correct accounting treatment...