Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5. 5. XYZ company donated the following funds to the following institutions in the previous year 2019-20 by cheques except donation under(e) Rs. a) Prime
5. 5. XYZ company donated the following funds to the following institutions in the previous year 2019-20 by cheques except donation under(e) Rs. a) Prime Ministers National Relief Fund 10,000 b) National Defense Fund 20,000 c) Approved Charitable Institution 30,000 d) Aid to poor students 2,000 e) Books donated in an approved college 6,000 f) Municipality, approved for promotion of family planning 10,000 g) Mangalore University of National Eminence) 10,000 XYZ Company's gross total income for the assessment year 2020-21 was Rs. 3,05,000. The company has incurred an expenditure of Rs. 15,000, on the general insurance of the employees. Calculate the deduction allowable to the company u/s 80G
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started