CSR Expenses (to a section 8 Company) having common directors

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..... CSR Expenses (to a section 8 Company) having common directors
Query (Issue) Started By: - CABIJENDERKUMAR BANSAL Dated:- 13-8-2018 Last Reply Date:- 15-9-2018 Income Tax
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Income .....

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..... Tax
Dear All X(Assessee company)'s management incorporated a section 8 Company which is duly registered under section 80G as well as Section 12A of Income Tax Act. Now X co.is discharging it .....

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..... s CSR liability by contributing to this section 8 Company which is then contributing donations received to third parties such as hospitals, schools etc. X co. and Section 8 Co. has common directors a .....

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..... nd shareholders. Will it be covered under CSR / deduction for section 80G ? Regards Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view it will not come under CSR and also it is not eligible .....

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..... for section 80G. Reply By deepak gulati: The Reply: In my opinion it should be allowed if it not for benefit of employees or promoters.
Discussion Forum - Knowledge Sharing .....

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