First year accounts of trust

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bhawna (Querist)
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03 June 2020 Amount received in cash for foundation of trust how to show in accounts or by which name

CA R SEETHARAMAN (Expert)
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03 June 2020 Show it as corpus donation. Such donation in cash should not exceed 2000.

bhawna (Querist)
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03 June 2020 Limit of 2000 is for single person.

CA R SEETHARAMAN (Expert)
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03 June 2020 Yes..,..........................

bhawna (Querist)
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03 June 2020 Thank you sir.

CA R SEETHARAMAN (Expert)
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03 June 2020 You are welcome........

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