Lawful Digest: Why CSR spends qualify for deduction beneath allotment 80G

The accounting rationale for disallowing a tax deduction on CSR expenditure has long rankled the corporate sector, which argues—justifiably—that after such spending has been made critical, it is inconsistent for the authorities to content its deductibility, notes Chartered Accountant S. Murlidharan on this week’s Lawful Digest…
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