Please Help: donation collected
Posted Date : 08-Dec-2012 , 01:31:30 pm | Posted By: Abha
Category :
Income Tax | Answers :
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Comments :
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what are tax implication on donation collected by limited company.
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Answers:
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 Answer by: Mrattunjay |
| not allowed in Income tax act, will be taxed at full rate
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| Answer by: CA Satuti Mahajan |
| taxable
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| Comments |
| Posted By : Vipul Jadhav |
18-Dec-2012, 07:45:49 |
| collecting donations not allowed. also the same will not be enlisted under memorandum and articles of association, hence violation of the companies act. |
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