An company which incurred loss for past 3 preceding financial year can make contribution to NGO?
is it permitted under companies act, 2013 or other relevant law
Menu
Contribution to NGO by company which incurred loss
Replies (1)
it is not restricted. however, Income-tax department keeps track of such cases. In 2023, they issued notices to thousands of donors who donated to NGOs disproportionate to their incomes.
https://economictimes.indiatimes.com/news/india/income-tax-department-sends-notices-over-donations-to-charitable-trusts/articleshow/99570518.cms?from=mdr
Recent Threads
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
Related Threads
CAclubindia
