READ THE FOLLOWING INFORMATION AND ANSWER THE GIVEN QUESTION.
ABC Ltd is running an advertising business. Encouraged by substantial profits, company decided to donate ₹1,00,000 to an old age home in the locality where the company had its head office. Following particulars are obtained from the company's books:
| PARTICULARS |
YEAR 2021
Amount (₹) |
YEAR 2020
Amount (₹)
|
| Revenue from operations |
18,00,000 |
15,00,000 |
| Other income |
60,000 |
30,000 |
| Expenses |
10,40,000 |
8,70,000 |
| Income Tax |
3,00,000 |
2,50,000 |
|
