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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Refund of donation by a charitable institution
Replies (3)
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.
Can you give some reference to any case or law?
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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