Donation by companies
This query is : Resolved
Eswar Reddy S
(Querist)
27 September 2014
Dear All,
Where to show the donation paid by companies in schedule VI format ?
Can it be taken as an expense or compulsorily need to show under 80G ?
Nikhil Kaushik
(Expert)
27 September 2014
you are confusing between Schedule VI format and income tax act.
It will be shown in profit & loss account while making account under companies act.
In the income-tax return, it will be shown under 80G
It will be shown in profit & loss account while making account under companies act.
In the income-tax return, it will be shown under 80G
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