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
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- About TDS & Income Tax
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Building tax payment deduction in rental Income
- FEMA regulation Act. for inward remitance
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
