Refund of donation by a charitable institution

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Chartered Accountant
37 Points Posted on 05 May 2013

Can any charitable institution refund the donation recieved by it in any case? what will be its impact in respect of income tax act..

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On 05 May 2013 at 22:06 Report
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ahujaankit.ahuja9@gmail.com
46 Points Posted on 06 May 2013

no tax implication if exempted under section 11 & 12. if it annonymous donation (rare case) then credit will be available for the income tax paid earlier.

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On 06 May 2013 at 06:09
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Chartered Accountant
37 Points Posted on 07 May 2013
Can you give some reference to any case or law?
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On 07 May 2013 at 22:46
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 I don't know any case law on it.

Because i never heard any thing about that.

Practically, amout refund as donation is allowed as expenditure in the hands of the Charittible Trust.

So in the hands of Trust, no special treatment.

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On 08 May 2013 at 08:45

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