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claiming deduction of expenditure incurred by some companies together for social activity., Income Tax

Issue Id: - 110211
Dated: 20-4-2016
By:- Himanshu Gupta

claiming deduction of expenditure incurred by some companies together for social activity.


  • Contents

situation:-

A group of 10 companies are incurring expenditure for construction of some property. after completion of construction, it will be donated to govt for serving society. we have adviced companies to form AOP for this purpose. now company is seeking our advice, regarding how they can claim deduction of this expanse. Please also advice if there is any other better alternate then AOP?

Posts / Replies

Showing Replies 1 to 4 of 4 Records

Page: 1


1 Dated: 20-4-2016
By:- Himanshu Gupta

Further, clients do not want to register their AOP


2 Dated: 20-4-2016
By:- Ganeshan Kalyani

Sir will have to check whether it is CSR.


3 Dated: 21-4-2016
By:- Himanshu Gupta

They are constructing water dispensers for society. will this be eligible for CSR? and how will the company claim its exemption.?


4 Dated: 21-4-2016
By:- MARIAPPAN GOVINDARAJAN

The CSR may be claimed only for the expenses given in the Schedule to the Companies Act, 2013.


Page: 1

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