Friday, May 8, 2020

Eligible CSR Payments should be Deducted while Computing Business Income: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) redirected the issue to the Assessing Officer (AO) as the authorities have erred in denying a claim under Section 80G of the Income Tax Act, 1961 by observing that the CSR payments eligible under the said provision shall be deducted at the time of computation of the head “Profit […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2LbpoAR

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