Deduction for csr expenses
This query is : Resolved
04 November 2014
Dear All Experts,
Can a company's contribution to Prime Minister Relief Fund as its CSR implementation be claimed as a deduction under section 80G of the Income Tax Act, 1961.?
Thanks
Can a company's contribution to Prime Minister Relief Fund as its CSR implementation be claimed as a deduction under section 80G of the Income Tax Act, 1961.?
Thanks
22 November 2014
Yes donation to Prime Minister Relief Fund is eligible for deduction u/s 80G of the Income Tax Act. The fact that it has been donated to meet the CSR liability is of no relevance.
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