Csr-taxability

The preamble to CSR Rules state that "CSR is a way of conducting business, by which corporate entities visibly contribute to the social good. Socially responsible companies do not limit themselves to using resources to engage in activities that increase only their profits. They use CSR to integrate economic, environmental and social objectives with the company’s operations and growth." This statement, in my view, clearly suggests that CSR spend meets "business purpose test" for tax law.

Notification from CBDT is awaited.