Tax deduction on corporate social responsibility

This query is : Resolved

Jeewan Kumar (Querist)
Follow

18 February 2015 Regarding the amounts spent on the CSR activities mandated by the Companies Act, 2013, the memorandum explaining the finance bill 2014 explains that as the CSR expenditure (being an application of income) is not incurred for the purposes of carrying on business, such expenditures cannot be allowed under the existing provisions of section 37 of the Income Tax Act, 1961. Accordingly, it shall not be allowed as tax deduction. Could someone clarify whether all the expenditure spent (not covered u/s 30 to 36 of the Income TAx Act, 1961) on CSR will be disallowed? What if amounts spent on CSR via donation, can we claim 80G dedcutions if these donationas are eligible for 80G?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

18 February 2015 if its a donation to trust although csr but eligible to issue u a certificate u/s 80GH then donation otherwise is allowed

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Dhananjay Singh

Hmr Babu

Mikilesh Shah

CA Jyoti Singh

Phani

Subscribe Now

Tax deduction on corporate social responsibility

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Manager- Finance and Compliance

GST CONSULTANT

Article Assistant

CA Final

Accountant