Accounting of donation in kind
kalyan Chakraborti (6 Points)
24 April 2023
How donation in kind is recorded in accounts ?
2 Replies
sabyasachi mukherjee
(27654 Points)
Replied 24 April 2023
Donation of any nature to be treated as expense but there are some specific donations which are treated seperately.
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 24 April 2023
Mode of donation eligible for deduction under section 80G:
Only donations made in the form of cash or cheque are eligible for a tax deduction. However, donations made in cash do not qualify for a tax deduction exceeding Rs. 10,000. Donations made in kind do not qualify for any tax deduction.
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