DOES POST AMENDMENT, COMPANY NEED TO DISCLOSE SEPERATELY IN P&L ACCOUNT ABT CONTRIBUTION TO POLITICAL PARTY??

1 answer

Ravi Staff November 5, 2017

It has changed from party wise disclosure to total amount disclosure, see explanation below
 
Before Amendment
Every company shall disclose in its profit and loss account any amount or amounts contributed by it to any political party during the financial year to which that account relates, giving particulars of the total amount contributed and the name of the party to which such amount has been contributed
 
After Amendment
 
Every company shall disclose in its profit and loss account the total amount contributed by it under this section during the financial year to which the account relates.    

#1

Please login here to Submit Answer

No announcement available or all announcement expired.