Q 2 audit paper (IPCC & PCC)
This query is : Resolved
08 November 2009
Comment on the following situation:
XYZ Ltd. Co.gave a donation of Rs.50000 each to a charitable society running a school and a trust set up for the service of Blinds during financial year ending om 31st March ,2009.The average net profits of the company for the last three years were 15 Lakhs.
XYZ Ltd. Co.gave a donation of Rs.50000 each to a charitable society running a school and a trust set up for the service of Blinds during financial year ending om 31st March ,2009.The average net profits of the company for the last three years were 15 Lakhs.
Guest
Guest
(Expert)
09 November 2009
Clarify from Which view point
1) Income tax
2) Audit
or 3) Law
1) Income tax
2) Audit
or 3) Law
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