80g donation
This query is : Resolved
26 August 2011
Dear Friends
A trust accept 80 G donation and deposit it as fixed deposit and interest received on FD is utilised for charitable purpose.Whether any problem for nonutilisation of 80 G donation & only interest receipt utilisation. Whether any problem in depositing the 80G donation as fixed deposit. please help me
A trust accept 80 G donation and deposit it as fixed deposit and interest received on FD is utilised for charitable purpose.Whether any problem for nonutilisation of 80 G donation & only interest receipt utilisation. Whether any problem in depositing the 80G donation as fixed deposit. please help me
26 August 2011
There is no problem if donation ARE utilize FOR FD.
A trust accept 80 G donation and deposit it as fixed deposit and interest received on FD is utilised for charitable purpose
Its means you have fulfill the conditions of the law
A trust accept 80 G donation and deposit it as fixed deposit and interest received on FD is utilised for charitable purpose
Its means you have fulfill the conditions of the law
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