Hello all,
Can a company established for charitable purposes credit Specific Donations to Fund A/c (Under Liability) and debit the spending from the fund to the same account?( Ie, without routing income and expense through I&E A/c). If not please provide reference to the relevent provision
Bump!, Anyone??
Malhotra Rajesh & Associates
New Delhi
B.Com
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KK & Company Chartered Accountant
Pune
CA Inter
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AJAY SINGH AND CO LLP
Thane
CA Final
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CCI
Pro
CAclubindia
