Donations under sec 80 g
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2012
We wish to Donate Canteen Equipments to a approved instituation having exemption certificate .
Since the donation is not in cash but in Kind whether the company can claim deduction as per Income Tax .
Pls revert
Thanks
Sandeep
Since the donation is not in cash but in Kind whether the company can claim deduction as per Income Tax .
Pls revert
Thanks
Sandeep
07 December 2012
Deduction is kind DO NOT qualify for deduction under the Income Tax Act.
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