Donation is allowable or disallowableunder income tax act
This query is : Resolved
24 December 2011
SUPPOSE A LISTED COMPANY DONATED AN AMOUNT OF Rs. 15000 to ISKON TEMPLE . IS IT AN ALLOWABLE EXP. UNDER INCOME TAX ACT OR NOT ???
24 December 2011
Yes dear.. Since ISKON is registered under 80G, Co. can avail deduction of 50% of donations subject to some comditions.
kindly check the donation slip, that donation allowed deduction under 80G, must be mentioned on donation slip.
kindly check the donation slip, that donation allowed deduction under 80G, must be mentioned on donation slip.
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