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CSR EXPENSES
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- Here's how to make strategic CSR countIndia's corporate social responsibility (CSR) spend has grown to ₹26,210 crore in FY2021, up 80% from FY2016, according to the corporate af...
- GST ITC restriction on CSR spend: Why businesses are worried about potential challengesAs part of FY 2023-24 Budget proposals, the Union Finance Minister has recommended restricting ITC on goods or services used for meeting th...
- Oil companies spent Rs 758 crore from CSR funds in last 5 years in OdishaIndian Oil Corp spent a total of Rs 431 crore in Odisha from its CSR budget in five years ending March 2021, the government said. ONGC was ...
- When compelled to do good, how has India Inc fared?There has been a 70% jump in the expenditure towards CSR initiatives to Rs 8691 in FY19.
- Companies can avail input tax credit for most business expensesThe upcoming GST reform seeks to revamp the entire credit process, allowing credit for any tax paid towards the furtherance of business bar...
- Companies spend over Rs 18,600 crore towards CSR in 2 yearsUnder the Companies Act, 2013, a certain class of profitable companies are required to spend at least 2 per cent of their three-year annual...
- Companies' P&L accounts to have separate CSR Expenditure headA company needs to spend at least 2 per cent of its three-year-average net profit on CSR if it has a minimum net worth of Rs 500 crore.
- ICAI issues norms for CSR accounting by companiesCompanies meeting certain financial criteria such as a net worth, turnover or net profit of at least Rs 500 crore, Rs 1,000 crore and Rs 5 ...
- Government makes changes to CSR spending norms under the new companies lawThe government has made changes to the norms governing expenses on Corporate Social Responsibility (CSR) activities under the new companies...
- No specific tax exemption for companies' CSR expenses: GovernmentThe new cos law, requires certain class of profitable corporates to shell out at least 2 per cent of their three-year annual average net pr...
- Companies cannot carry forward excess funds spent on CSR works: ICAIExcess amount spent by corporates on CSR activities in a particular fiscal under the companies law cannot be carried forward to subsequent ...
- Budget 2015: Tax sops likely for investments in Swachh Bharat, Clean GangaFM Jaitley is likely to provide tax incentives in Budget to encourage companies to participate in Swachh Bharat Abhiyan and Clean Ganga cam...
- Government provides clarity on CSR activities under Companies ActUnder the new Companies Act, certain class of profitable entities are required to shell out at least 2% of their three-year annual average ...
- CII seeks clarity on new companies law; suggest changes in CSR rulesThe Confederation of Indian Industry (CII) has also said that CSR rules should be in force only after three years.
- Nasscom, Nasscom Foundation offer workshops on CSR rulesNasscom and Nasscom Foundation have come together to help clear myths and doubts related to CSR rules in the new Companies Act.
- CPSEs expenses on Uttarakhand relief work to be treated as CSRIn order to encourage state-run PSUs to undertake rehabilitation work in the flood affected areas of Uttarakhand, govt said such expenses w...
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