TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CSR Expenses Not Deductible for Tax Purposes Under Amended Section 37 of Income-tax Act, Effective April 1, 2015.</h1> Section 37 of the Income-tax Act was amended by the Finance (No. 2) Act, 2014, to include a new Explanation 2, effective April 1, 2015. This amendment clarifies that any expenditure incurred by an assessee on corporate social responsibility (CSR) activities, as referenced in section 135 of the Companies Act, 2013, will not be considered as expenditure incurred for the purposes of the business or profession. This means such CSR expenses are not deductible under section 37(1) for tax purposes.
TaxTMI 
TaxTMI 
