CSR Expenses Not Tax Deductible: Finance Act 2014 Excludes CSR from Business Expenditures, No Section 80G Exemptions.

CSR Expenses Not Tax Deductible: Finance Act 2014 Excludes CSR from Business Expenditures, No Section 80G Exemptions. https://www.taxtmi.com/highlights?id=73767 Deduction u/s. 80G - CSR - No specific tax exemptions have been extended to CSR expenditure. The Finance Act, 2014 also clarifies that expenditure on CSR does not form part of business expenditure. - Thus we hold that no deduction u/s. 80G is allowable on the amount incurred for the purpose of Corporate Social Responsibility. - AT en-us Mon, 25 Dec 2023 16:30:27 +0530 Mon, 25 Dec 2023 16:30:27 +0530 TaxTMI RSS Generator CSR Expenses Not Tax Deductible: Finance Act 2014 Excludes CSR from Business Expenditures, No Section 80G Exemptions. https://www.taxtmi.com/highlights?id=73767 Deduction u/s. 80G - CSR - No specific tax exemptions have been extended to CSR expenditure. The Finance Act, 2014 also clarifies that expenditure on CSR does not form part of business expenditure. - Thus we hold that no deduction u/s. 80G is allowable on the amount incurred for the purpose of Corporate Social Responsibility. - AT Highlights Income Tax Mon, 25 Dec 2023 16:30:27 +0530 https://www.taxtmi.com/highlights?id=73767