14 September 2023
Donations received by cash more than 2000/- from each person can be used for application of income otherwise taxable in the case of society registered u/s 12AB Whether such receipt as a income which can be set of against expenditure by filing return of income in ITR-5
14 September 2023
According to Section 271K of the Act, failure to furnish the statement of donation in Form 10BD can attract a minimum penalty of Rs 10,000 and a maximum penalty of Rs 1,00,000
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