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CSR Expenses (to a section 8 Company) having common directors - Income TaxExtract 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 co.is 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 ? Regards
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