80g
This query is : Resolved
25 February 2012
Dear Sir,
my company profit is 20 lakh & make 100000 donation than (20-1) 19 lakh net profit & tax liability on 19 lakh
my company profit is 20 lakh & make 100000 donation than (20-1) 19 lakh net profit & tax liability on 19 lakh
25 February 2012
depends upon the nature of the income, i.e. the qualifying amount.
25 February 2012
donation will be add in profit and make deduction u/s 80g after calculation. your profit will be considered as 20 lakh but not 19 lakh.
25 February 2012
my net profit is 20000 & than lst i make donation than
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