Poltical contribution
This query is : Resolved
05 February 2015
Can anybody plz tel me under section 182 of CA 2013, the amount of political contribution can made upto 7.5 % of the average profit for last 3 years.
My question is the avg net profit is to be taken BEFORE TAX OR AFTER
please guide with relavant section or rule
My question is the avg net profit is to be taken BEFORE TAX OR AFTER
please guide with relavant section or rule
05 February 2015
Before tax. 2013 Act and rules not defined net profit. Hence reference is made to corresponding section in 1956 act (293A)which says net profit is to be calculated as per section 349 which excludes income tax.
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
- Section 270A penalty
- GST- DRC 03 RCM Liability
- Validity of form 15 G and 15 H on Interest on fixed deposit
- Query on managerial remuneration u/s 197 of CA 2013
- GSTR 1- Amend Credit Note
- Threshold limit of under GST for insurance agent
- Supply to unit situated in SEZ
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- TDS AFTER SUBMISSION OF 15G OR H
- Additional income for updated return
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
