Donation to political party
This query is : Resolved
17 May 2014
Experts,
A company has given donation to a political party around 1 crores. what are the various accounting treatment to be done regarding presentation in P&L a/c as well as if there is to give additional info in Notes to Balance-sheet?
A company has given donation to a political party around 1 crores. what are the various accounting treatment to be done regarding presentation in P&L a/c as well as if there is to give additional info in Notes to Balance-sheet?
17 May 2014
It is fully allowable expenditure. Book it in P&L Account as donation n u can also claim it at the time of filing ITR.
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
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- Clubbing of Income - Minor
- Regarding Individuals Retuned to India and Resident currently
- Excess salary payment.
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- 3cd- cash system of accounting is allowed?
- Form 121-contradictory opinions
- Rectification of TDS return - Sale of property
- GSTR-1A How to update Invoice
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
