Pgbp querry important

1405 views 2 replies

CAN ANY1 PLS TELL ME THE TREATMENT OF THESE EXPENSES

IF ANY1 KNOW    ANY OF THE POINT BELOW ANS PLS TELL ME

1. DONATION GIVEN ANYWHERE------------------------------------ALLOWED OR DISALLOWED

2. DONATION TO NOTIFIED INSTITUTIONS-----------------------ALLOWED OR DISALLOWED

3. PAYMENT OF APPROVED OR UNAPPROVED PROG.

4.  INSUREANCE OR THE PROPERTY------------------------------ALLOWED OR DISALLOWED

5.  INTEREST ON BUSINESS INVESTMENT PAID --------------- ALLOWED OR DISALLOWED

6. INTEREST ON SALES TAX OVERDRAFT

7. EXP. ON INCOMETAX PLANNING

8 CONSULATATION FEES OF INCOME TAX

9. IF PROFESSIONAL RECEIVED INCOME FROM UNVERSITY FOR SEMINAR (ADVANCE AS WELL AS NORMAL  INCOME).......UNDER WHICH HEAD

Replies (2)

1) Donations are disallowed in computation of PGBP. However certain donatiions are allowed like donations to Trade Union, etc.

2)  Sec 35, 35 AC, 35CCA, 35 CCB specifically covers certain payments which are allowed as deduction in PGBP computation at certain specific percentages.

3) Insurance is allowed u/s 36(1)

4) Interest on Business Investments allowed as deduction as section 14A is not attracted.

5) Income Tax Planning and Consultancy Fees is allowed.

 

thanku sir for your reply

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
06 July 2026
C.A./CA Inter OR pursuing C.A./GST/Accounts/Audit/IT - Head

Arvindkumar Maniar & Co.

Rajkot

CA

View Details