Donation Donation

5 years ago

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?

Deepak Yashwantrao Bade

Responded 5 years ago

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

Responded 5 years ago

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

Responded 5 years ago

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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Shanti Ranjan Behera

Responded 5 years 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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GANESH SHARMA

Responded 5 years ago

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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Kishan Dutt Kalaskar

Responded 5 years 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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