Q 2 audit paper (IPCC & PCC)

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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.

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09 November 2009 Clarify from Which view point
1) Income tax
2) Audit
or 3) Law

10 November 2009 Audit


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