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Gift received by pvt ltd company
what will be the accounting treatment of ventilator received as a gift by hospital(pvt ltd co) by another company under CSR.
Replies (2)
Quick Summary
Ventilator Asset a/c
To Charity/CSR a/c
if there is tax payable on this, then add another tax entries
Company receiving ventilator is not applicaple for csr expenses its a simple hospital receiving ventilator as a donation by another company on whom csr is applicable
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