plz tell me the tax implications for section 25 companies....
give the reference of respective sec in income tax
3 Replies
(Guest)
Hi Meenakshi,
There is no specific tax relief for Sec 25 companies in the income tax act. Such companies can get itself registered itself under sec12A and get the benefits of charitable trust also it can get itslef reg. under sec 80G to get donation based deduction to the payer of such donation.
meenakshi
(Nil)
(57 Points)
Replied 10 August 2009
thks for ur reply...
but i hve doubt .....what is the provision for disallowances...(like cash payment exceeding 20000 , delay in payment of ESI and other statutory compliances..)
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