Company donation to PM relief fund
This query is : Resolved
Ramya mallya
(Querist)
11 December 2008
Hi,
Whats the treatment of Companys Contribution to PM's Bihar relief fund?
Is it allowed as a deduction or disallowed like other Donations
Regards
Ramya
Whats the treatment of Companys Contribution to PM's Bihar relief fund?
Is it allowed as a deduction or disallowed like other Donations
Regards
Ramya
Ravikumar.G
(Expert)
11 December 2008
It is fully allowed least of the following:
Actual donation paid or
10% of adjusted gross total income
Actual donation paid or
10% of adjusted gross total income
CA Tilak Raj Sharma
(Expert)
11 December 2008
Covered by section 80G and exemption is least of the below:
1. Actual amount donated
2. 10% of adjusted gross total income
1. Actual amount donated
2. 10% of adjusted gross total income
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