Taxation · Business Expenses Allowability
Which of the following expenditure is NOT allowed as a deduction under Section 37(1) under the head 'Profits and Gains of Business or Profession'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Expenditure incurred on Corporate Social Responsibility (CSR)✓
- 2Commission paid to selling agents
- 3Diwali festival expenses incurred for employee relations
- 4Litigation expenses incurred for protecting the trade or business
Correct answer
Expenditure incurred on Corporate Social Responsibility (CSR)
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