About donation
This query is : Resolved
17 November 2014
MY CLIENT IS MUSLIM HE IS DONATING SOME AMOUNT IN REGISTERED MADARSA .. SO CAN I SHOW IT IN P & L
17 November 2014
You can show it in P & L, no problem, but for income tax purposes, disallow the same in computation. If the same is registered u/s 80G, then allow the deduction u/s 80G
17 November 2014
if u dont want to disallow,
account it as drawings
account it as drawings
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