banner_ad

Non profit organisation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 August 2011 if there appears a sport fund, then the expenses incurreed on sport activities will b taken to income and expenditure account or not???
sir plz answer my query with some logic and in easy way!!!...thanks
Profile Image

C A S.S.Agarwal, M.Com.,LL.B,

Profile Image

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
22 August 2011 It depends on what is the nature of your business and how you are conducting and what is the constitution of your business. Is is a NGO, Trust, Partnership Firm, Company , etc.etc.

Are you getting grant from the Government for conducting sports on their behalf and so son. yu can contact me in details at sssunderagarwal@gmail.com
Profile Image

CA Sumat Singhal

Profile Image

CA Sumat Singhal (Expert)
22 August 2011 If fund is made for special purpose then exp incurred for that purpose will be charged from that not taken to income and exp.
Profile Image

Ravi Jhamb

Profile Image

Ravi Jhamb (Expert)
23 August 2011 There are two types of donation:-
1. General Donation
2. Special Donation.

General donation showed in I/E A/c.
Special donation showed in balance sheet and their related expenses deduct the same fund.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details