CSR query?
S.Prasanna (Financial consultant) (90 Points)
16 September 2022
CSR(Company social responsibility) expenses Deduction allowed or not?If allowed how much limit?
S.Prasanna (Financial consultant) (90 Points)
16 September 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14546 Points)
Replied 16 September 2022
As per section 37 of the Income tax act 1961 , CSR expenditure are not allowed as deduction from profit , however you Can go through certain Case laws.
MPR Sanjay Kumar
(3100 Points)
Replied 16 September 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14546 Points)
Replied 16 September 2022
MPR Sanjay Kumar
(3100 Points)
Replied 16 September 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14546 Points)
Replied 16 September 2022
AMT is tax computed on the adjusted total income of the Non corporate entities . @ 18.5 %
( refer section 115 JC of the income tax act )
MPR Sanjay Kumar
(3100 Points)
Replied 16 September 2022
Why sometimes inventory of raw materials are valued at replacement cost??
prasad Nilugal
( GST Practitioner & Accounts )
(14546 Points)
Replied 16 September 2022
I remember , I had answered this question earlier please check .
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