Deductibility of expenditure for community development u/s 37(1) ...

Community development expenses u/s 37(1) of the Income Tax Act not deductible if for religious or charitable purposes.

November 14, 2013

Case Laws Income Tax HC

Deductibility of expenditure for community development u/s 37(1) - Charity or allowable expenditure – Expenditure towards the religious funds, charitable institutions, social clubs or for charity do not stand to the test of commercial expediency - HC

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Deductibility of expenditure for community development u/s 37(1) ...

Community development expenses u/s 37(1) of the Income Tax Act not deductible if for religious or charitable purposes.

November 14, 2013

Case Laws Income Tax HC

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