Accounting treatment of csr spending
This query is : Resolved
12 July 2014
Finance Bill 2014 provides that CSR spending u/s 135 of companies act, 2013 will not deductible under section 37(1) of Income Tax Act,1961.
And my query is this if this is not deductible u/s section 37(1) then what will be its accounting and tax treatment?
And my query is this if this is not deductible u/s section 37(1) then what will be its accounting and tax treatment?
12 July 2014
for accounting purpose just book it as expenditure and while paying tax dont consider this figure
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