Menu
donation treatment
can petrol pumps reflect the donations given to gosala , under donation head , as indirect exp. in their P&L A/C ?
Replies (2)
in your case, book value of petrol pumps can take it as donations.
Same would be add back while computing tax payable and shall allow as deduction later on.
Recent Topics :
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
Related Topics :
CAclubindia
