I have come to known this email id through one of my friend.
Sir/Ma`am can i request you to provide your expert opinion for below mentioned query??
“As per Income Tax Act , Section 29 – 43 are only applicable to the income computed under section 28 i.e. Income from Profit & Gain from Business”
In such a case whether Assessing Officer has power to disallow the following expenditure of a charitable organisation and Tax the same amount:-
1. Expenditure Paid without deducting TDS ( As required under Section 192 – 194)
2. Expenditure Paid in cash in excess of 20,000 in single payment
3. Prior Period Expenses
I will be highly obliged if you can respond to my queries.