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CSR TAX BENEFITS
Regulating charity without stifling it: The case for clearer rulesIndia's charity sector, vital for social needs, faces evolving regulations aimed at transparency. While scrutiny is accepted, current rules...
PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...
Mukesh Ambani-led Reliance Industries' contribution to national exchequer rises to Rs 2.16 lakh croreReliance Industries’ contribution to the national exchequer rose nearly 3% to Rs 2.16 lakh crore in FY26. The company said government payme...
Want higher health insurance coverage through super top-up policy? HDFC Ergo, Aditya Birla, ICICI Lombard, Niva Bupa, Care plans comparedRising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an ...
Rework the CSR framework to incorporate a sliding scale of contributions and tax breaksIndian companies contributed nearly ₹30,000 cr to CSR in 2022-23, focusing on education and healthcare. There's a need for a more equitable...
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...
Time govt scrapped mandatory CSRMany companies go beyond and tackle problems of the environment and of social underdevelopment. They become a draw for ethical investors.
CSR spends on Covid may land companies in a tax tangleThe government recently allowed companies to categorise certain Covid related expenditure as CSR. These include creating health infrastruct...
Maharashta government opens account to attract CSR donations like PM CARESIt has been opened in State Bank of India's Wodehouse Road Branch in Colaba area of south Mumbai, with account number 39265578866, IFSC SBI...
Govt clarifies on company's contributions to PM CARES Fund above CSR limit“Even if you have contributed the prescribed amount towards CSR, I would like to urge you to contribute over and above the minimum prescrib...
View: How mandated 'corporate social responsibility' can be wastefulIf a company just wants to create lots of jobs and pay taxes and dividends, don’t burden it with CSR duties.
CSR fund should not be financing source for government schemes: MCACompanies' CSR funds should not be used as a source of funding government schemes, the Ministry of Corporate Affairs (MCA) has said, adding...
Corporate Affairs Ministry's detailed FAQs on CSR likely by AugustTo provide more clarity on social welfare spending norms, the Corp Affairs Min is likely to come out with a detailed 'FAQs' on CSR activiti...
Finance Ministry not in favour of tax sops for CSR in backward regionsThe Finance Ministry is not in favour of giving tax benefits to businesses for their social welfare spendings in backward regions as said b...
Corporate Affairs Ministry seeks tax benefits for CSR activitiesSources said the Corporate Affairs Ministry has written to the Finance Ministry seeking tax benefits for CSR spending by companies.
States must not pocket CSR fundsChhattisgarh government has asked private companies to deposit the money they spend on CSR in the chief minister’s fund.
CSR activities should bring smile to people; not profit for cos: Sachin PilotCorporate Affairs Minister Sachin Pilot asked the companies to desist from spending on profit-earning activities to meet norms.
- Budget 2013: Experts back corporate funding to tech start ups
Experts feel that the budgetary move to consider funding by corporates to start-ups as a Corporate Social Responsibility was much needed to...
- Finance Ministry to decide on tax benefits for CSR after Budget: Sachin Pilot
The Finance Ministry is expected to take a view on providing tax benefits for expenditure on social welfare activities by companies after t...
Don't treat CSR as an additional tax: Govt to companiesNew Companies Bill proposes that firms would need to spend 2 pc of profits on CSR, unless they have a reasonable reason for not doing so.