CSR
Murugesan (Asst. Manager - Finance) (180 Points)
07 August 2017
Muthukkumaran
(Consultant)
(204 Points)
Replied 07 August 2017
Promotion of education is one clause under CSR.However if done for children of employees or so it doesnt come within the ambit of CSR.
Murugesan
(Asst. Manager - Finance)
(180 Points)
Replied 07 August 2017
Muthukkumaran
(Consultant)
(204 Points)
Replied 07 August 2017
In that case it is an eligible CSR expenditure.But the same has to be dis allowed for IT purpose.
Murugesan
(Asst. Manager - Finance)
(180 Points)
Replied 07 August 2017
Murugesan
(Asst. Manager - Finance)
(180 Points)
Replied 07 August 2017
Muthukkumaran
(Consultant)
(204 Points)
Replied 07 August 2017
As per section 37(1) of IT Act is disallowed.The reason behind this section is as mentioned by you since it is not for business purpose.