146 viewstax planningTrust
0
0 Comments

 139 total views

A group of people are collecting money and performing rituals, celebrating festivals to honour the Gods and for the good of the people. Such group wants to setup a Trust so that the contributions to be eligible for 80G deductions which encourages people to donate more. Is the trust setup valid and whether 80G eligibility available as per the Income tax act?

Answered question
Add a Comment
0

 137 total views

1. Religious trust are not eligible for 80G.
2. Trust for charitable purpose where religious expenses doesnt exceed 5% can get 80G.

Answered question
Add a Comment
Write your answer.

Question stats

  • Active
  • Views146 times
  • Answers1 answer

Categories

Search questions