medium10 pts · first answer countsgstitcblocked-credit

Goods bought for CSR

A company buys laptops to donate to a rural school as part of its legal CSR obligation. Can it claim ITC on them?

A.Yes, CSR is required by lawB.Yes, if the school is registeredC.No, ITC on CSR spending is blockedD.Only half, as CSR is part business

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