• Deepali Rani Sahoo
• Dr Sukanta Kumar Dwibedi

Corporate Social Responsibility is a concept by which the companies integrate themselves in social and environmental concerns along with their business on a voluntary basis. In India it becomes mandatory with effect of financial year 2013 by virtue of Section-135 of Companies Act for specified Corporate which is having net worth / turnover / profit above threshold. Normal function of the business is to obey laws and regulations, pay taxes, and maintain basic social and environmental standards. After the enactment of Companies Act, 2013 it was mandatory and required every company to spend 2% of their average net profit of preceding three financial years for social development. But the issue which arises here is what tax benefits will the companies get by spending money on Corporate Social Responsibility? It is true that Corporate Social Responsibility expense does not form part of business; however benefit of exemption under Income Tax can be availed on several activities which also find places in schedule – VII of Companies act, 2013. Under the Income Tax Act there are many implications when it comes to Corporate Social Responsibility expenditure. This will increase the good will of organization and lead the sale as people will prefer to buy the products of corporate who are engaged in Corporate Social Responsibility. So the present paper, after giving an overview about Corporate Social Responsibility and Proper Tax Planning and Management Corporate can save the tax which leads reduction in cost, minimizes the cash outflow and maximize the shareholder fund.

Corporate Social Responsibility, Strategically Management, Income Tax, Tax Management.

"IMPLICATIONS OF TAXATION POLICY ON CORPORATE SOCIAL RESPONSIBILITY IN INDIA: A CONCEPTUAL STUDY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.702-717, May-2019, Available :http://www.jetir.org/papers/JETIR1905998.pdf

"IMPLICATIONS OF TAXATION POLICY ON CORPORATE SOCIAL RESPONSIBILITY IN INDIA: A CONCEPTUAL STUDY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp702-717, May-2019, Available at : http://www.jetir.org/papers/JETIR1905998.pdf