Charitable trust

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Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2018 Is there any liability of trust if they receive donation exceeding 2000 in cash ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 February 2018 No liability for the trust.
In case a charitable trust registered for the purposes of section 80G while receiving cash donations above Rs. 2,000 shall not be able to write on the receipt of such amount that “amount donated shall be eligible to claim section 80G benefit”. But the taxation of such donation in the hands of recipient charitable trust would depend on this fact even that whether donor identity is available with the trust or not. If donor identity is available the cash donations above Rs. 2,000/- can’t be made taxable in the hands of the charitable trust.