Donation to be claim as revenue expenditure

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shakil shaikh (Querist)

07 January 2016 Hello Sir,
Please suggest for the situation..

Can we claim donation given to charitable trust registered U/S 12A as revenue expenditure???

We are categories into AOP...

Ankur Singhal

Ankur Singhal (Expert)

07 January 2016 Dear Shakil
You cannot claim the donation as revenue expenditure but you can claim it as deduction from the gross taxable income u/s 80G

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shakil shaikh

shakil shaikh (Querist)

07 January 2016 But sir trust doesn't have 80G registration..
then what option we have???

Ankur Singhal

Ankur Singhal (Expert)

07 January 2016 Dear
Otherwise you can not claim the deduction on donation under income tax act.

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praveen

praveen (Expert)

07 January 2016 You have to treat it like revenue expenditure. But it will get disallowed under the income tax act. If they have a 80G certificate then you can claim 80G deduction while computing the income tax.

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