DONATION EXCEEDING RS 20000 IN CASH

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2010 Whether the donation exceeding Rs 20000 in cash given by a trust registered u/s 12A to another registered trust will be hit by the provisions of sec 40A(3)?

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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05 January 2013 No hit.
No Connection.

But Further Let Me Add, From Financial Year 2012-13,Under Section 80G/GGA (Subsequent Section of Donations), No deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees unless such sum is paid by any mode other than cash.

Regards,

CA Ayush Agrawal