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CSR query?
CSR(Company social responsibility) expenses Deduction allowed or not?If allowed how much limit?
Replies (7)
As per section 37 of the Income tax act 1961 , CSR expenditure are not allowed as deduction from profit , however you Can go through certain Case laws.
@ dear Prasad Nillugal sir what are the expenses are eligible to deduction as per Income Tax act , what are the items
Refer section 30 to section to 44DB of the Income tax act.
@ Prasad Nillugal sir, alternative minimum tax means?
AMT is tax computed on the adjusted total income of the Non corporate entities . @ 18.5 %
( refer section 115 JC of the income tax act )
Why sometimes inventory of raw materials are valued at replacement cost??
I remember , I had answered this question earlier please check .
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