ITR related
Suvitha (Accountant) (385 Points)
02 August 2018A non profit organisation donation received around RS 635000/- they paid donation 576000 /- is it need 10b auditing report when will filed ITR 7 ?
thanks
R Suvitha
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 02 August 2018
AS U SPEND MORTE THAN 85% OF DONATION RECEIVED SO IT IS NOT APPLICABLE
IT IS NOT DEEMED AS INCOME
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)