A company have made certain donations which are disallowed as per Income Tax Act.
Where do we show the same in TAX Audit Report 3cd?
Urgebt...thanx in anticipation.
Nand Kishor Agrawal (Article) (158 Points)
29 January 2010A company have made certain donations which are disallowed as per Income Tax Act.
Where do we show the same in TAX Audit Report 3cd?
Urgebt...thanx in anticipation.
Amir
(Learner)
(4016 Points)
Replied 29 January 2010
Ritik Chopra
(student)
(8123 Points)
Replied 01 April 2021
You need to add back the inadmissbile donation while computing the income from business. Only donation to political party is to be shown under point 17 in Form 3CD. no seperate discloure is required by 3cd report for others.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
