19 April 2017
Dear Sir/Madam, if cement is given to make a temple to a club (The said club is not under 80g ) as a donation then what is the procedure to show in accounts?
19 April 2017
It will be a disallowed Expense in Income tax, if you want to take in books of accounts then book expense and if cement is your stock than credit Purchase/Stock
CAclubindia
