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Csr related
Dear Sir/Madam
My company has paid Rs 17 lakh for CSR activity out of which they are claiming 50% deduction U/s 80G without having the certificate for the same
Is this expense allowed??
Thank you
Replies (1)
CSR activity as mandated by the company law is allowed as a deduction unless it is covered u/s section 37 of IT act. That is, should relate to business activity of the comapany. Or it should be given as a donation covered under 80G or any other sections of IT act.
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