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.
kindly check the donation slip, that donation allowed deduction under 80G, must be mentioned on donation slip.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- RELATED TO TRIBUNAL APPEAL
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- ITR 4 and Bank transactions
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- TDS AND ITR ISSUE
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
