Poonawalla fincorps
Poonawalla fincorps

TRUST

This query is : Resolved 
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(Querist)
04 May 2009 CAN A TRUST HAVING OR NOT HAVING 80G CAN OBTAIN DONATION IN CASH MORE THAN 20000?
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taxindiaconnect

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taxindiaconnect (Expert)
05 May 2009 Yes, the restriction of cash transaction is not on receiving can, it is on making the cash payments. See rule 6DD.
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GAURAV MEHTA

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GAURAV MEHTA (Querist)
06 May 2009 THANKS
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GAURAV MEHTA

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GAURAV MEHTA (Querist)
06 May 2009 But it will treat as anemous donation and will attracted tax liability?

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