Donation taxation
MAHARAJA SELVA ESWAR (285 Points)
22 October 2020
whether donation received is taxable for a company
MAHARAJA SELVA ESWAR (285 Points)
22 October 2020
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3524 Points)
Replied 22 October 2020
Basically, donations are taxable income if donors receive something in exchange for their generosity. Otherwise, they're non-taxable
MAHARAJA SELVA ESWAR
(285 Points)
Replied 22 October 2020
CAclubindia
