CSR relief likely for businesses as panel backs easier norms
- Make CSR spend tax-deductible, scrap jail term for failing to transfer unspent sum: Panel
- Allowing CSR spending as a deduction while computing taxable income will come as a big relief to businesses, one of their long-standing demands
NEW DELHI : A high-level government panel on corporate social responsibility (CSR) has recommended that such spending be made tax-deductible for companies and jail term for executives who failed to transfer unspent amounts to a state fund be scrapped.
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