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Csr expenditure it allowance
Is it possible to claim deduction under 35 CCC for the expenses incurred for CSR related to agricultural extension?
Replies (6)
No only scheme notified by boards are eligible
But i have read that CSR can be claimed as deduction under sec 30 to 36 if the expenditure meets the requirements.
No, section 37(1) explainati
No, as per section 37(1) explanation 2 there is specific disallownce to any sort of expenditure incurred by assessee in relation to CSR given in section 135 of companies act,2013 and shall not be deemed to be for the purpose if business and profession.
so it is not allowed.
so it is not allowed.
But in my case the expense is related to agricultural extension project applicable under 35ccc
If the agriculture extension project is notified by CBDT only then deduction u/s 35 CCC can be claimed even if it is done towards CSR.
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