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Whether donations givenby company has to charge to p&l a/c ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 November 2013 please tell me any one
if a company donations given to a trust whether company has to charge this amount to p&l a/c or not? it is allowable deduction u/s
80G . and what is the tax treatment?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
17 November 2013 Yes , company has to show in P&L A/c.
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SANTOSH SAGAR K

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SANTOSH SAGAR K (Expert)
17 November 2013 Yes, the Company has to disclose the same in the Statement of Profit and Loss under 'Other expenses' by way of a separate line item.

Eligibility of deduction u/s 80G is not the key factor for deciding the above treatment.
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