WebJan 20, 2024 · Corporate Social Responsibility (CSR) – Expenditure on the activities relating to CSR as referred to in the Companies Act, 2013 aren’t deemed to have been incurred for business or profession and no deductions are allowed under Section 37. Taxes, duty, cess, or fee – Taxes, duties, cess, or fees paid by an assessee under any law for the ... WebApr 6, 2024 · By Fathima Karama A.M - On April 6, 2024 12:00 pm - 2 mins read. The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance of …
Tax Deductibility in the Light of the New CSR Regime
WebOct 25, 2024 · Before the Tribunal, the assessee inter alia contended that disclosure in tax Audit Report Form 3CD at Serial No. 21a does not automatically results in disallowance. The Tribunal observed that in Tax Audit Report (Form 3CD), in Part B under clause 21 the auditor has to furnish the details of amounts debited to the profit and loss account, being ... WebTurnover of Rs 1000 Crores or more; Net Profit of Rs. 5 Crores or more. From above it is clear that CSR obligation is not applicable to all companies. Hence, the question is whether a company which is not obliged under … list warehouse
ITAT Upholds Disallowance of CSR Expenses u/s 37
WebMar 1, 2015 · (8) Notice of the State's right to request reconsideration of the disallowance and the time allowed to make the request. (9) A statement indicating that the disallowance letter is the Department's final decision unless the State requests reconsideration under paragraph (b)(2) or (f)(2) of this section. (b) Reconsideration of a disallowance. WebMar 12, 2014 · 1. Presentation On Corporate Social Responsibility Companies Act 2013 Presented By: Shalu Saraf CS Trainee (Chapter IX, Section 135) 2. Meaning of CSR: • CSR is the process by which an … WebDec 10, 2024 · Treasury Regulation § 1.274-13 addresses the deduction disallowance under section 274(a)(4) for the cost of QTFs provided under section 132(f), such as qualified parking, transit passes, and other tax-free commuting benefits. Treasury Regulation § 1.274-14 addresses the deduction disallowance under section 274(a). list walt disney movies