The queries are as follows - Can a section 8 company (without 12A, 80G ) receive public donations when donors don't want to claim 80G exemption? How will this donation reflect taxes, if any? Which will be the best applicable form for tax filing - ITR 6? How will the company can account such donations?
22 April 2024
a sector 8 company without 12A and 80G registration will file ITR-6 only. Donations need to be reported as other incomes. any surplus will be taxable.
CAclubindia
