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

Discussion on Deductibility of CSR Expenses from Profit and Loss Account Under Income Tax Rules A user inquired about the deductibility of CSR (Corporate Social Responsibility) expenses from a company's profit and loss account, questioning whether these expenses are allowable. A respondent clarified the query, indicating that the user likely meant CSR, not CRS, and engaged in a discussion on the treatment of such expenses within the context of income tax.