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Donations to political parties


Yugantar Gupta   28 August 2017

Yugantar Gupta

 3 points

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As per finance act 2017 a company can make unlimited donation to a political party - that is the limit of 7.5% on average profits has been removed. Does this mean that a company can donate beyond its profit and free Reserves?

avater

Ashwin Kumar   03 September 2017

Ashwin Kumar

 71 likes  1229 points

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No never

avater

Ashwin Kumar   03 September 2017

Ashwin Kumar

 71 likes  1229 points

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Donations can be made only out of profits for that year


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