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Allowance or disallowance

This query is : Resolved 
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(Querist)
23 August 2014 why the csr exp is not deducted from spl a/c of a company
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 August 2014 there are two views to it:

1. given that CSR expense is required as per the Act governing the Companies, such expense should be allowed

2. however, given that CSR rules clearly state that CSR spend should not be in fields related to the main activities of the company, tax department may argue that such expense doesn't meet the criterion required under section 37 and hence should be disallowed.

So you gotta wait and watch for clarification to come from CBDT.


regardless, deduction under 80G shall be available.
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