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Limit of donation in cash to charitable trust

KRUPA GOSAR (STUDENT) (39 Points)

10 April 2017

Is the limit for Donation to Political Parties in cash of Rs 2000 applicable to Charitable Trust also?

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9 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (184898 Points)
Replied 10 April 2017

Yes, as per amendment in section 80G provide that no deduction shall be allowed under the section 80G in respect of donation of any sum exceeding two thousand rupees unless such sum is paid by any mode other than cash.
This amendment will take effect in relation to the assessment year 2018-19 and subsequent years.

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KRUPA GOSAR (STUDENT) (39 Points)
Replied 10 April 2017

thanks for replyng. But there are so many trust who are not registered u/s 80G but can they take donation in cash above Rs. 2000

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (184898 Points)
Replied 10 April 2017

There deductions under section 80G not available, but section 269ST attracts.

Secondly, The Trust has to keep record of persons when receiving voluntary contribution in trusts or other charitable institutions (other than religious institutions) such as name, address, PAN otherwise it can be taxed at Maximum marginal rate as anonymous donations as per Section 115BBC of the Income Tax Act’1961.

kantilal (c t o) (24 Points)
Replied 14 April 2017

what about those trust who have not 80 G approval. ?

satish prabhu (Practicing Chartered Accountant) (27 Points)
Replied 17 June 2017

Refer to this site for all your questions https://www.linkedin.com/pulse/acceptance-cash-donations-charitable-religious-trusts-anoop-bhatia

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RUPAK SAHA (ACCOUNTANT) (22 Points)
Replied 24 August 2017

Sir,

Is Charitable Trust can take the donation in cash above 2000.00?

rohit (Partner (Upasna Burad & Co.)) (22 Points)
Replied 10 March 2018

This amendment is for claiming deduction u/s 80G and does not pose any restriction on trust accepting cash reciept over Rs. 2,000/-. However one has to keep in mind provisions of section 269ST as mentioned above (i.e Rs. 2,00,000/-) !!