CSR Expenses Not Tax-Deductible: Section 37 Amendment Effective April 2015 Affects 2015-2016 Onwards.

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....Corporate Social Responsibility (CSR) expenditure u/s 37 - Explanation 2 was inserted in Section 37 via Finance (No.2) Act, 2004 w.e.f. 01.04.2015. - the amendment would take effect from 01.04.2015 and, accordingly, would apply in relation to assessment year 2015-2016 and the subsequent years. - HC....