Csr expenditure dedction in income tax
This query is : Open
10 July 2016
CSR expenditure which mandatory under Section 135 of companies Act,2013 is not allowable under Section 37 of the Income Tax Act since it not a business expenditure. So, can we claim the contribution as a dedction if it falls under Section 80G in the IT Computation. Please clarify
10 July 2016
Yes you can
there is no bar to claim it u/s 80G
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