Donation made by limited company to saraswati sevashram
This query is : Resolved
20 August 2014
Hi friends
My company made donation to saraswati sevashram. i.e other than political contribution sum of Rs. 8000/- .
is it disallowed under companies act and income tax act for the FY 2013-14,
please provide clarification .
My company made donation to saraswati sevashram. i.e other than political contribution sum of Rs. 8000/- .
is it disallowed under companies act and income tax act for the FY 2013-14,
please provide clarification .
CA SUNIL K GARG
(Expert)
20 August 2014
donation is disallowed. bur u can claim deduction u/s 80 G , if other condition are satisfied. pls go through sec 80 G of IT act
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CA R SEETHARAMAN
(Expert)
20 August 2014
It is allowed under companies Act being other than political donation. It will be allowed under sectin 80G of the income tax Act up to 50% provided the sevashram gives a receipt(80G) for claiming it.
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