Donation to temple
This query is : Resolved
Pratik Shah
(Querist)
22 November 2015
can pvt ltd make donation to temple?? if yes is their any limit?? what is the consequences if that temple is reg. in charitable trust or not..??
A. Sankaranarayana
(Expert)
22 November 2015
Dear Pratik Shah,
As per my knowledge, if the Temple got registration U/Sec.35AC, PVT Ltd., company may claim 100% exemption, (debited in the P & L Account) otherwise, add back while computing your taxable income (in the computation) This is as per my knowedge.
As per my knowledge, if the Temple got registration U/Sec.35AC, PVT Ltd., company may claim 100% exemption, (debited in the P & L Account) otherwise, add back while computing your taxable income (in the computation) This is as per my knowedge.
Pratik Shah
(Querist)
24 November 2015
thank you sir
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