alleryStart learning →Is CSR spending under the Companies Act deductible under section 37?
AYes, if for local area
BYes, in full as cost
CNo, not a business expense
DYes, up to two percent
Answer & Solution
Correct answer: C. No, not a business expense
Explanation 2 to section 37 deems CSR spending under section 135 of the Companies Act not to be incurred for business.
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