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Sec 35(1)(ii)

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 September 2013 a partnership firm having tax audit had made contibution u/s 35(1)(ii)amounting rs 1000000.what r the possible treatment in P/L,COMPUTATION AND AUDIT REPORT?
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
21 October 2013 You have to show as donation and is allowable. The Tax auditor will have to give full details of approval u/s 35(1)(ii)
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
26 November 2013 agreed with above ans.
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