Accounting treatment of csr spending
This query is : Resolved
ganesh yadav
(Querist)
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?
CA Parul Saxena
(Expert)
12 July 2014
for accounting purpose just book it as expenditure and while paying tax dont consider this figure
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