80g donation

This query is : Resolved

Sowmya.S.Balan

Sowmya.S.Balan (Querist)
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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

CA Navin Jain

CA Navin Jain (Expert)
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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