Sec 35(1)(ii)

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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?

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)

26 November 2013 agreed with above ans.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries