WebJul 7, 2024 · Despite making CSR mandatory, no amendments have been made to Section 37(1) of the Income Tax Act, 1961, which states that CSR expenditure is not tax deductible. What CSR activities can be done? The following activities can be performed by a company to accomplish its CSR obligations: Eradicating extreme hunger and poverty. Promotion of … Webregarding report on CSR.-Whether contribution in kind can be monetised to be shown as …
Education as Corporate Social responsibility (CSR) - CBGA India
WebNov 8, 2016 · The administration fears that allowing companies to contribute to CSR in kind and services will give businesses a free run to justify their acts carried out under the garb of CSR. WebCorporate Social responsibility (CSR) ... Whether contribution in kind is permissible as CSR or not? Section 135 prescribes “….shall ensure that company spends….”.The company has to spend the amount. ... Contribution made to ‘PM CARES Fund’ shall qualify as CSR expenditure under item no (viii) of Schedule VII of the Companies Act ... northern rockies team 6
Contribution to PM-CARES Fund to qualify as CSR spending: Centre
WebNov 18, 2024 · The third findings show that mandatory CSR expenditure in the lag years (3 and above) has no association with return on assets or Tobin q. The realignment between voluntary CSR investment and ... WebThe Corporate Social Responsibility Committee shall — ... comes from section 135(5) … WebJul 16, 2024 · Accordingly the Technical Guide does not deal with identification of activities that constitute CSR activities but only provides guidance on accounting for expenditure on CSR activities in cash and in kind in line with the requirements of the Generally Accepted Accounting Principles including the applicable Accounting Standards. 6. This TG does ... northern rockies type 1 team