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political contribution

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(Querist)
29 July 2010 Can a private limited company donate any amount to any political parties.
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CA Sanat Pyne

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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 .
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srinath

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srinath (Expert)
29 July 2010 agreed with the expert
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CA.ViVeK M ACA

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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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