Corporate social responsibility spending excluded from business expenditure deduction, clarifying non-deductibility under income-tax rules. The Bill inserts a new Explanation in the general expenditure provision to declare that expenditure on corporate social responsibility activities shall not be deemed to be expenditure incurred for the purposes of the business or profession and therefore is not allowable in computing income under the head for profits and gains of business or profession.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Corporate social responsibility spending excluded from business expenditure deduction, clarifying non-deductibility under income-tax rules.
The Bill inserts a new Explanation in the general expenditure provision to declare that expenditure on corporate social responsibility activities shall not be deemed to be expenditure incurred for the purposes of the business or profession and therefore is not allowable in computing income under the head for profits and gains of business or profession.
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