Deduction of csr exp
Raman Panchal (16 Points)
11 March 2023
Is csr expenditure by a company is allowable deduction under section 80g
3 Replies
Amit Verma
(14 Points)
Replied 11 March 2023
No, because residual clause of head PGBP sec 37 includes the nature of exp allowed to be deduct for the P&L which states that the Exp should be 1,revenue in nature ( CSR exp is not a revenue nature of Exp), even thought it is mandatory by law as per sec 135 of companies act 2013
2.should Not be illegal Exp
and allso CRS is specifically mentioned not to be allowed in some subsection of sec 37(?)
2.should Not be illegal Exp
and allso CRS is specifically mentioned not to be allowed in some subsection of sec 37(?)
CA Sorav Gupta
(Chartered Accountant)
(1005 Points)
Replied 12 March 2023
Deduction of the amount donated to The Clean Ganga Fund and The Swachh Bharat Kosh, set up by the central government is allowed u/s 80G. However, if the above donation is included as a CSR expenditure then the Deduction u/s 80G will not be allowed.
In a nutshell, any donation or any expense incurred for the purpose of CSR expenditure is disallowed under the Income Tax Act, of 1961.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
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