08 December 2009
The situation asked in the question is odd one.
First of all; gift is given out of natural love and affection.
Comapny is an artificial person. How a person can have natural love with artificial person?
However; there may be donation received by a company which may be given by a person voluntarily. In that case also; generally it may be a Section 25 Company.
In that case the company will pass the following entry :
CAclubindia
