CSR expenditure

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..... CSR expenditure
Query (Issue) Started By: - Kuldeep Kumar Dated:- 18-7-2019 Last Reply Date:- 21-7-2019 Income Tax
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Income Tax
Is 80 G deduction allowed on payments made for CS .....

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..... R expenditure if such entities are registered for the purpose of Sec-80G? Reply By Neekita Jindal: The Reply: No specific tax exemptions have been extended to CSR expenditure per se. Finance Act, 20 .....

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..... 14 also clarifies that expenditure on CSR does not form part of business expenditure. Section 80G applies in respect of a DONATION made to a specific fund or institution. One of the condition applica .....

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..... ble of allowability of deduction u/s 80G is that the institution or fund issues to a person making the donation a certificate to the effect that it maintains separate books of account in respect of su .....

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..... ch business and that the donations received by it will not be used, directly or indirectly, for the purposes of such business; THEREFORE, 80G DEDUCTION IS NOT ALLOWED ON CSR EXPENDITURE MADE.
Dis .....

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..... cussion Forum - Knowledge Sharing .....

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