Charity or Donation entry
Vineeth Vijayan (24 Points)
25 May 2021
Whether all charity gives tax deducation.Also charity accounted as expense or not.Can anyone pls explain it breifly.
6 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 25 May 2021
No all charity cannot give tax deduction.
charity should be denoted as donation and it should be claimed as expense
charity should be denoted as donation and it should be claimed as expense
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 26 May 2021
Donation u/s 80G qualify for deduction
Prachi Bansal
(3129 Points)
Replied 31 May 2021
due to covid-19 many people are donating and doing charities. is there any tax exemption available by the government?
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