Donation made by limited company to saraswati sevashram
This query is : Resolved
20 August 2014
Hi friends
My company made donation to saraswati sevashram. i.e other than political contribution sum of Rs. 8000/- .
is it disallowed under companies act and income tax act for the FY 2013-14,
please provide clarification .
My company made donation to saraswati sevashram. i.e other than political contribution sum of Rs. 8000/- .
is it disallowed under companies act and income tax act for the FY 2013-14,
please provide clarification .
20 August 2014
donation is disallowed. bur u can claim deduction u/s 80 G , if other condition are satisfied. pls go through sec 80 G of IT act
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20 August 2014
It is allowed under companies Act being other than political donation. It will be allowed under sectin 80G of the income tax Act up to 50% provided the sevashram gives a receipt(80G) for claiming it.
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