14 September 2010
F.y. 0809 donation is paid of rs 10k. And same added back in computation.in f.y. 0809 out of 10k 5k cheque return. How entry pass in books. And treatment in computation.
24 September 2010
Hi Raj, In case of pvt. co., Donation was disallowed and therefore added back in computation. So no treatment is required in computation as it was already disallowed previously. As far as the return of cheque is concerned, assuming it in the same year, pass a/c entry as : Bank A/c Dr. To Donation A/c If it is returned in the next financial year then it will be prior period item Regards, CA Shakuntala Chhangani
CAclubindia
