Dear Members
A private limited company is paying remuneration to its Directors. During the financial year 2009-10 one of the Director has given donation to the extent of Rs.90000/- to a charitable organisation. 50% of such donation is available for him as exemption / deduction. He has submitted the copy of payment receipt alongwith exemption certificate received by him from the charitable organisation.
Kindly clarify whether the company can consider the donation made by him and calculate his Tax Liabilities accordingly as well as the TDS to be deducted from him.
Whether the company can issue the TDS Certificate duly mentioning such exemption available under 80G.
with regards
Muralidharan
CAclubindia
