DONATION

if the assesse is proprietor he must debit it to his capital account not P&L

and donation given is allowed as deduction

hope you know it is allowed as deduction u/s 80G

i know it is allowed as deduction u/s 80G, but my question is if assesse debit it in P&L A/c, Then in which section it is disallowed?
 

Dear Ankit,

I think it shall be disallowed under section 37(1).

Thanks

 section 37(1) condition 3 says exp. should not be of personal in nature