Income tax query
This query is : Resolved
19 September 2011
If a company received donation rs 20000/- for Tample. which is situated in company land. so this income covered under which head as per income tax.
&
If have received 5000000/- in KBC. so where covered this income as per Income Tax.
&
If have received 5000000/- in KBC. so where covered this income as per Income Tax.
19 September 2011
If the amount of expenses are incured on the maintainance of the temple situated inside the factory building are claimed form P&L account only then the donation so received shall be taxable as business receipt only.
and
For the tax treatment of the sum won in KBC, it will be taxable under the other sources and flat tax rate of 30% on this casual income will be appliccable.
and
For the tax treatment of the sum won in KBC, it will be taxable under the other sources and flat tax rate of 30% on this casual income will be appliccable.
Message likes :
1 times
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
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
