donation debited to profit & loss a/c and disallowed u/s 37 for tax audit my query in which clause in form 3cb such disallowance is to be reported
5 Replies
Dintakurthi Tirumala
(CA FINAL)
(15994 Points)
Replied 13 September 2011
In form 3CD there is clause personal expenses debited to P&L account(i think s.no.21 i am not confident about the s.no) in that you have to show.
OM SAI SRI SAI JAI JAI SAI
Devendra
(Chartered Accountant)
(4775 Points)
Replied 13 September 2011
Donations u/s 80G paid by the assessee is to be disclosed in Form 3CD Point no. 26. [Section wise details of deduction, if any, admissible under chapter VIA :]
Regards,
Devendra
CA rahul
(BCOM(H) ACA)
(725 Points)
Replied 13 September 2011
dear devendra
i am asking about the clause where donation is to be shown as disllowed reason being it is already debited to profit & loss A/c
Rajagopalakrishnan R
(PARTNER)
(1422 Points)
Replied 13 September 2011
There is no column in Form 3CD to report donations which are to be disallowed. There is no obligation for a tax auditor to report on such disallowances
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 14 September 2011
you should show it as an expenses of personal nature
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