Section 8 Company - not having 12A 80G Registration

This query is : Resolved

komal ameta (Querist)
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22 April 2024 Dear Experts,

The queries are as follows -
Can a section 8 company (without 12A, 80G ) receive public donations when donors don't want to claim 80G exemption?
How will this donation reflect taxes, if any?
Which will be the best applicable form for tax filing - ITR 6?
How will the company can account such donations?

Thank you in advance.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 April 2024 a sector 8 company without 12A and 80G registration will file ITR-6 only. Donations need to be reported as other incomes. any surplus will be taxable.