Donation paid in cash more than rs. 10000

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2016 what will be treatment under income tax while computing income tax for cash given as a donation more than 10 K in cash.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 April 2016 80 G exemption not available for donation in cash exceeding 10 K.

Rupesh Jain

Rupesh Jain (Expert)
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29 April 2016 you can not take deduction for making donation for exceeds Rs.10000 in cash.

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Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2016 DEAR SIR,
i can not avail benefit of 80 G but whether it can be added in business income while computing income tax .

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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29 April 2016 You can not claim deduction if donation in cash more than 10 thousands.

In other cases for claiming the deduction, the donor is also required to furnish a proof of
payment. A stamped receipt is issued by the recipient trust in this regard, details of which
should be mentioned by the taxpayer while filing his Income Tax Return.

The receipt should necessarily mention the following details
1. The name and address of the trust
2. The name of the donor
3. The amount donated (mentioned in words and figures)
4. The registration number of the trust, as given by the income tax department u/s 80G
along with its validity

Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
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