What is CRS expenses in the case of Company

[MINGUR Dorjee]

Whether CRS IS DEDUCTIBLE FROM THE PROFIT & LOSS ACCOUNT OF THE COMPANY OR IS IT NOT ALLOWABLE EXPENSES? WHAT IS THE TREATMENT? Please suggest.

[Ganeshan Kalyani]

I guess you are referring CSR i.e. Company Social Responsibility.

AI Summary

Corporate social responsibility deductibility questioned for income tax purposes; tax treatment awaits clarification in practice. Whether contributions under Corporate Social Responsibility (CSR) qualify as deductible expenses for income tax purposes is posed as the central issue; the document records a taxpayer query asking whether CSR is deductible from the profit and loss account or is non allowable, and the sole forum reply only clarifies the acronym CSR without providing legal analysis or a definitive tax treatment.