Please help, Whether donation given in cash is eligible for deduction under section 80G
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Deduction u/s 80g
Replies (4)
Mohit ji,
According to me, donation in cash is allowed provided certificate is obtained from the said trust.
Sec. 80G read as:
No deduction shall be allowed under this section in respect of any donation unless such donation is of a sum of money.
So, donation in kind is not allowed.
The cash payment can be made and in my opinion the limit of Rs. 20,000/- will not be attracted, as it is not an expenditure.
members, Please correct me if I'm wrong...
Here in this case receipt is a must..and for donation Rs.20000 is NA,as it is governed by section 80Gand 80 GGA.
Here in this case receipt is a must..and for donation Rs.20000 is NA,as it is governed by section 80Gand 80 GGA.
Thank you i myself have also confirmed the same..
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