Donation to a trust

CA J.Alamelu lakshmi (Chartered Accountant) (852 Points)

26 November 2010

Is there any limit for a trust to receive donation in cash?

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9 Replies

CA Sandeep Kumar (Audit Assistant) (804 Points)
Replied 26 November 2010

no limit as such provided the donation is not anonymous donation.. refer sec 115bbc for more details..

CA Raman Goel (CA) (602 Points)
Replied 26 November 2010

there is no limit to recevie donation by trust prrovided 85% amt. will be utilized for public welfare (sec 13A)

Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
Replied 27 November 2010

Originally posted by : sunny
	no limit as such provided the donation is not anonymous donation.. refer sec 115bbc for more details..

sachin kakkar (CA) (188 Points)
Replied 27 November 2010

Originally posted by : Raman Goel
	there is no limit to recevie donation by trust prrovided 85% amt. will be utilized for public welfare (sec 13A)

dear raman plz correct ur self.. relevent section is sec 11 & 12... not sec 13A. sec 13A is for political parties. thx....

2 Like

tarak nath shaw (Audit Clerks) (45 Points)
Replied 27 November 2010

there is not restriction for receiving cash donation, however if donation is nature of sec 115BBC, then it may be taxable according to situation.

Parshu (CA Final) (84 Points)
Replied 27 November 2010

no limit provided it is not anonymous donation

Mayur Arora (CA Final) (295 Points)
Replied 27 November 2010

Yes i'll agreed with all above. Cash Donations have no limit provided they are not ANONYMOUS DONATIONS.

CA J.Alamelu lakshmi (Chartered Accountant) (852 Points)
Replied 29 November 2010

Thanx frenz :)

Mithun Dhananjay Bhoite (Artical) (27 Points)
Replied 01 December 2010

if donation is given then what benifits donee will get in tax?

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