WebSep 22, 2024 · The disallowance for deduction under section 80G vis-à-vis CSR can be restricted only to contributions to these Funds under CSR. It is a well-established rule of interpretation that one has to look merely at what is stated in the statute; there is no … Webexpenditure incurred towards Corporate Social Responsibility (CSR) under Companies Act, 2013, is eligible for deduction as per section 80G of the Income-tax Act, 1961, if the …
CHAPTER THIRTY-FOUR Alternative tax regime - Taxmann
WebApr 10, 2024 · The tenant is responsible for deducting TDS on rent at the rate of 10% on the rent paid to the landlord if the rent paid exceeds Rs. 2,40,000 per annum as per the norms of Income Tax Act under section 194 – I. The tenant must also remit the TDS amount to the government. If the landlord is a non-resident, the tenant must deduct TDS at the rate ... WebCSRS is known as a "defined benefit, contributory" retirement plan. Employees make mandatory contributions to the program through regular deductions from their … phishing gmail.com
CSR expense Eligible for Section 80G Deduction on …
WebAug 19, 2015 · 1.1.5 If the company undertakes CSR expenditures through 80G registered NGOs (including its own foundation) then to spend 2% of CSR the company shall have some tax benef it as such contribution provide 50% tax benef it. WebNov 10, 2024 · What is Section 80G? The Income Tax Act allows deduction while calculating the total taxable income to every assessee. One such deduction is allowed under section 80G of Income Tax Act, 1961 for donations made to a charitable organization or a trust. http://www.in.kpmg.com/taxflashnews/KPMG-Flash-News-Goldman-Sachs-Services-Pvt-Ltd.pdf#:~:text=CSR%20donations%20are%20eligible%20for%20deduction%20under%20Section,of%20the%20Income-tax%20Act%20subject%20to%20specified%20exceptions phishing gls