Sakshita Pvt. Ltd., has spent a sum of ₹30 lakh towards meeting its Corporate Social Responsibility (CSR) obligation. The amount of deduction available while computing the business income is :

CS Executive · Tax Laws and Practice · PYQS · June 2018
Sakshita Pvt. Ltd., has spent a sum of ₹30 lakh towards meeting its Corporate Social Responsibility (CSR) obligation. The amount of deduction available while computing the business income is :
(A) ₹30 lakh
(B) Nil
(C) ₹37.5 lakh
(D) ₹45 lakh

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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