Charitable trust of old age home
This query is : Resolved
21 May 2024
Old age home Trust is receiving a consideration from guardians (of that old age people). Is that consideration treated as Donation? If yes what if that donation returned to donee.
22 May 2024
unless it is voluntary, it is not considered as donation. It needs to be accounted as receipts incidental to the attainment of the objectives of the organization.
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