Donation by company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2016 Dear Experts,
company has made the payment Rs. 1 lacs toward construction of tample plz guide weather company can avail deduction u/s 80g or not...

Regard
Keshav Jain

Kaustuv

Kaustuv (Expert)
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17 February 2016 Hello,

Benefits of Section 80G is available to a company. But the donee needs to be a an approved institution under Income Tax Act so that issue a Section 80G exemption certificate.

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2016 sir.. is it mandatory the donee should be registered under 80g to avail exemption..

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Kaustuv

Kaustuv (Expert)
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17 February 2016 Yes, it is mandatory for the donee to be registered u/s 12A of the Income Tax Act so that it can issue the certificate u/s 80G

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2016 sir. i think if donee issue 80g certificate then donar can avail 100% exemption na..

Kaustuv

Kaustuv (Expert)
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