Poonawalla fincorps
Poonawalla fincorps

Charity

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(Querist)
13 July 2011 can charity be claim as an expense in profit and loss??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 July 2011 Can be debited in profit and loss account for accounting purposes and for Income tax purpose section 80G of the Income tax Act,1961 has to be taken care off.

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