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Expenditure incurred by foreign holding company for csr activities in india on behalf of its indian subsidiary would entitled the indian subsidiary to claim it as csr expenditure comment Pls explain and answer
Answers (4)
Thread Starter
Sneha KasturiIf holding company incurrs on behealf of subsidiary then subsidiary can claim it as csr expenditure only in case of foreign holding or indian holding also ?
It will be allowed as CSR expenditure ONLY IF it is routed through the Indian Subsidiary. If the Foreign subsidiary is directly making the expenditure on behalf of Indian Subsidiary, then it won't be allowed.
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