https://www.taxtmi.com/acts?id=18780 The amendment adds Explanation 2 to section 37(1) declaring that expenditure incurred on corporate social responsibility activities under the Companies Act, 2013 shall not be deemed to be expenditure incurred for the purposes of business or profession and thus is excluded from deductible business expenditure; the new Explanation follows a renumbered Explanation 1 and is effective from the first day of April, 2015. en-us Mon, 11 Aug 2014 17:39:53 +0530 Wed, 10 May 2017 14:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18780 The amendment adds Explanation 2 to section 37(1) declaring that expenditure incurred on corporate social responsibility activities under the Companies Act, 2013 shall not be deemed to be expenditure incurred for the purposes of business or profession and thus is excluded from deductible business expenditure; the new Explanation follows a renumbered Explanation 1 and is effective from the first day of April, 2015. Act-Rules F. Acts / Amendment Acts Mon, 11 Aug 2014 17:39:53 +0530 https://www.taxtmi.com/acts?id=18780