Tax deductibility of Covid expenditure tops corporate India's Budget wish list

The first expectation from corporate India is for tax deductibility of expenditure on Covid, said Dinesh Kanabar, CEO, Dhruva Advisors, a tax advisory firm. The government had earlier refused to permit the deduction of CSR expenses. The government could also look to reinstate a 200% weighted deduction for in-house R&D expenditure, said tax experts.

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