Income tax Deduction

258 views 1 replies

If a company pays Rs.75000/- in cash as donation to any university which is engaged in scientific research, What is amount  of expenses allowable u/s 35? what is amount of disallowance u/s 40A(3)? whether entire expenses be disallowed?

 

Thanks in advance..

Replies (1)

Mr.Santhu

First the provisionsof section 40A(3) will be invoked.  You know the consequences.

Best Wishes

Sathikonda


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register