20 July 2013
What is the maximum limit of exemption in a financial year towards contribution made to a single donee (Educational Institution)by way of cash. Is there any limitation in making contributions by way of cash if these donations are staggered over the year, say every month or every second month each such donation being Rs 10000 or below. Is it linked to your income level as well? What if the donor is a salaried class?
Guest
Guest
(Expert)
20 July 2013
Donation can be made in cash.
And there is no maximum limit of donations.
As donation are donations it's on every indidual how much and in what manner he makes it.
CAclubindia
