A company spends ₹40 lakh on statutory CSR activities under section 135 of the Companies Act, 2013. How much qualifies under the general business expenditure deduction in section 34(1) of the…

Section 34(2)(b) of the Income-tax Act, 2025 provides that expenditure on corporate social responsibility activities under section 135 of the Companies Act, 2013 is not expenditure laid out wholly and exclusively for business, so none of it is allowed under section 34(1). There is no partial allowance such as ₹20 lakh; the exclusion is total.