Can we capitalise donation received in the organisation?
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Treatment of donation
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Only if the entitity is an trust, & the donation is recd with teh specific instruction that it should form part of the corpus, then only it can be capitalized.
In any other case it can't be captalized. It should be shown in the P&L only. However if the donatio is eligible for section 80G deduction, then the benefit of deduction can be availed by the assesee.
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