political contribution
This query is : Resolved
RANJAN MODAK
(Querist)
29 July 2010
Can a private limited company donate any amount to any political parties.
CA Sanat Pyne
(Expert)
29 July 2010
As per section293A maximum amount can donate is 5% of the average net profit of last three years. And if the companies existence is less than three year then the company can not make any donation .
CA.ViVeK M ACA
(Expert)
30 July 2010
IF THE comapnay were in existance for more than 3 years , then can make dontaion to the political party up to 5% of average of net profit
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