Section 25 companies

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.

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..)

They shall apply to sec 25 company as they apply to all other companies.