Donations Received Not Deductible; Only Donations Paid to Approved Entities Eligible for Deduction u/s 80G.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Exemption u/s 11 - it is seen that the appellant has received donation against which expenses on account of donation paid have been shown. Since donation is a voluntary contribution, no expenditure can be allowed for earning such income. However, in case of donations paid, the said amount is to be allowed as deduction u/s 80G in case donations paid are to entities which are approved for the purpose of section 80G. - AT....




TaxTMI
TaxTMI