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Donation is allowable or disallowableunder income tax act

This query is : Resolved 

24 December 2011 SUPPOSE A LISTED COMPANY DONATED AN AMOUNT OF Rs. 15000 to ISKON TEMPLE . IS IT AN ALLOWABLE EXP. UNDER INCOME TAX ACT OR NOT ???

24 December 2011 Yes dear.. Since ISKON is registered under 80G, Co. can avail deduction of 50% of donations subject to some comditions.

kindly check the donation slip, that donation allowed deduction under 80G, must be mentioned on donation slip.


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