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CSR

CA Sapna Ghelani (Chartered Accountant) (7550 Points)

18 March 2021

What tax benefits can be availed under CSR

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 18 March 2021

You can avail CSR benefits by claiming deduction
u/s 80G at 100% deduction of amount made or 50% deduction of certain conditions

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Kapadia Pravin (17259 Points)
Replied 18 March 2021

No specific tax exemptions have been extended to CSR expenditure per se. The Finance Act, 2014 also clarifies that expenditure on CSR does not form part of business expenditure

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 18 March 2021

Yes agree with Pravin.. actually 80G is not form a part of CSR according to Bangalore bench of income tax tribunal

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 18 March 2021

No benefit is available at such against CSR expenditure. Further CSR expenditure is not allowable under the Income Tax Act,

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