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Q. Donation

1. If my NGO is registered under 80g , then, if any business donate money to my NGO directly from it's current account, then , how much tax rebate that business will get?
2. Can a business donate all it's money to my NGO from it's current account?
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Showing 6 of 6 Responses

A. dear client kindly consult with any CA or tax lawyer for better resolution.

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Deepak Bade

Experience: 9 Year(s)

Responded 7 months ago

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A. iN THE MATTER YOU SHOULD CONSULT WITH SOME TAX LAWYER/ CA

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Rajender Prasad

Experience: 5 Year(s)

Responded 8 months ago

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A. If NGO fullfil his intention then no any objections. Then u can do it . For more secure u can meet any charted accountant for better solution

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 8 months ago

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A. Dear Client,
If you have got 80 G then read it carefully and you will get the answer.
2.Donation can be from anybody either businessman, or banker,or even a beggar in front of the temple or durgha can donate.No problem,
When money is transferred from bank to bank, account ,whether Current or Savings is immaterial.What matters is the designated Account should have money to transfer.
The other option is to get it done through a professional.Other wise there is every possibility to be in the Net of Income Tax.
I am willing to execute your work Vidhikarya.com after seeing all your relevant and legal papers otherwise you will land up paying more tax.
Shanti ranjan Behera,
Advocate

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Shanti Ranjan Behera

Experience: 22 Year(s)

Responded 8 months ago

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A. it hardly matters from which account the money is coming from. Current account does not fetch interest on saving thats it.

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GANESH SHARMA

Experience: 3 Year(s)

Responded 8 months ago

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A. Dear Sir

Entire amount cannot be donated. Further there is maximum limit up to which only the donor can get tax exemption

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Categories
Administrative Law (467)
Adoption (125)
Advertising (59)
Animal Laws (40)
Arbitration and Medi... (50)
Aviation (16)
Banking (591)
Bankruptcy and Debt (201)
Cheque Bounce (423)
Child Custody (166)
Civil (2152)
Commercial (93)
Consumer Protection (582)
Contracts and Agreem... (486)
Corporate and Incorp... (114)
Criminal (1681)
Customs, Excise (42)
Cyber, Internet, Inf... (349)
Debt and Lending Agr... (79)
Debt Collection (178)
Divorce (664)
Divorce and Separati... (1600)
Documentation (314)
Domestic Violence (645)
Election Campaign an... (23)
Employment and Labou... (1168)
Environment and Natu... (31)
Equipment Finance an... (3)
Family (2056)
Financial Markets an... (101)
Government Contracts (57)
Human Rights (278)
Immigration (56)
Industrial Laws (66)
Insurance (81)
Intellectual Propert... (110)
International Laws (12)
IT Contracts (54)
Juvenile (17)
Landlord and Tenant (625)
Licensing (21)
Mail Fraud (18)
Maternity (61)
Media, Communication... (16)
Mergers and Acquisit... (20)
Military Laws (15)
Motor Accident (144)
Muslim Laws (60)
Outsourcing Agreemen... (5)
Partnership (64)
Police Laws (64)
Power of Attorney (75)
Privacy (97)
Property (3011)
Real Estate (433)
Registration (139)
RTI (111)
Sale (57)
Sale of Goods (20)
Sex Crime (142)
Sexual Harassment (6)
Sexual Harassment at... (69)
Software License (4)
Tax (19)
Tax-GST (10)
Tax-Income Tax (26)
Tax-Property Tax (33)
Telecommunication (13)
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Transportation (64)
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Will (144)
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