Any expenditure incurred by an assessee on the activities relating to the corporate social reasonability (CSR) referred to in section 135 of the Companies Act, 2013 for the purpose of allowability as deduction under sect
CS Executive · Tax Laws and Practice · PYQS · December 2020
Any expenditure incurred by an assessee on the activities relating to the corporate social reasonability (CSR) referred to in section 135 of the Companies Act, 2013 for the purpose of allowability as deduction under section 37(1) of the Income Tax Act, 1961 ______ for the purpose of the business.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Profits and Gains of Business or Profession
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