Monday, March 23, 2020

Spending of CSR funds for COVID-19 is considered as eligible CSR activities under Cos. Act, 2013: MC

The Ministry of Corporate Affairs has clarified that the spending of CSR fund for COVID-19 will be considered valid under corporate social responsibility (CSR) activities under the Companies Act, 2013.

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...