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CSR Expenses (to a section 8 Company) having common directors, Income Tax

Issue Id: - 114036
Dated: 13-8-2018
CSR Expenses (to a section 8 Company) having common directors

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Dear All

X(Assessee company)'s management incorporated a section 8 Company which is duly registered under section 80G as well as Section 12A of Income Tax Act.

Now X discharging its CSR liability by contributing to this section 8 Company which is then contributing donations received to third parties such as hospitals, schools etc.

X co. and Section 8 Co. has common directors and shareholders.

Will it be covered under CSR / deduction for section 80G ?


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Showing Replies 1 to 2 of 2 Records

1 Dated: 13-8-2018

In my view it will not come under CSR and also it is not eligible for section 80G.

2 Dated: 15-9-2018
By:- deepak gulati

In my opinion it should be allowed if it not for benefit of employees or promoters.


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