Donation

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student (Querist)
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16 February 2016 WHETHER DONATING MEDICINE BY A FIRM CAN BE CLAIMED AS DONATION?

CA CMA CS Ram Pavan Kumar Melam (Expert)
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16 February 2016 As per 80C(5D), the maximum limit of non-cash donation is Rs. 10,000.

student (Querist)
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17 February 2016 I AM ASKING,THE FIRM HAS DONATED MEDICINES OF RS.300000/-.WHETHER IT CAN BE CLAIMED AS AN INDIRECT EXPENSE IN PROFIT AND LOSS A/C?

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