Dear Sir\/Ma`am<\/p>\n
I have come to known this email id through one of my friend.<\/p>\n
Sir\/Ma`am can i request you to provide your expert opinion for below mentioned query??<\/p>\n
“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”<\/p>\n
In such a case whether Assessing Officer has power to disallow the following expenditure of a charitable organisation and Tax the same amount:-<\/p>\n
1. Expenditure Paid without deducting TDS ( As required under Section 192 – 194)
\n2. Expenditure Paid in cash in excess of 20,000 in single payment
\n3. Prior Period Expenses<\/p>\n
I will be highly obliged if you can respond to my queries.<\/p>\n
Deepak Singh<\/p>\n","protected":false},"excerpt":{"rendered":"
Dear Sir\/Ma`am 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 … Continue reading