Deducations
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 March 2014
Dear All,
Trust want to provide benefit to donors as whatever they are paying as donation to trust and that amount they can claim as deduction under income tax act.
so for this benefit what trust has to do?
which file which forms and where to submit etc.
reply soon
thanks in advance
Trust want to provide benefit to donors as whatever they are paying as donation to trust and that amount they can claim as deduction under income tax act.
so for this benefit what trust has to do?
which file which forms and where to submit etc.
reply soon
thanks in advance
06 March 2014
The firm has to apply for recognition under Section 80G of the Income Tax Act.
Whenever any person gives donation to the trust, then you have to issue receipt u/s 80G. The person will be able to claim deduction on the basis of the receipt.
Whenever any person gives donation to the trust, then you have to issue receipt u/s 80G. The person will be able to claim deduction on the basis of the receipt.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
07 March 2014
first of all thanks a lot
can you let me know what is the procedure and once it is approved will have to file any return periodically?
can you let me know what is the procedure and once it is approved will have to file any return periodically?
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