12 June 2009
I HAVE MADE DOANTION TO APPROVED HOSPITAL ELIGIBLE FOR DEDUCTION UNDER SECTION 80 G IN THE ITR THERE IS A COLUMN IN P & L FOR DONATION SHOULD I CLAIM IN P & L ACCOUNT OR IN REBATED UNDER VIA SECTION 80 G AM I ELIGIBLE FOR 100% DEDUCTION IN BUSINESS EXPENSES FOR DONATION TO ANY ONE.
12 June 2009
You can debit it the P & L ac/ but it will get disallowed in your computation of income and the same will be allowed u/s 80G @ 50%/100% as the case may be subject to 10% of income.
CAclubindia
