WebThe Ministry has notified the amendments in Section 135 of the Act as well in the CSR Rules on 22nd January 2024 with an aim to strengthen the CSR ecosystem, by improving disclosures and by simplifying compliances. While complying with the Corporate Social Responsibility (CSR) provisions of the CA 2013, the Board of Directors of the eligible ... WebICSI - Home
FAQs on Corporate Social Responsibility (CSR)
WebJan 15, 2024 · The allowability of deduction of Corporate Social Responsibility or CSR as mandated Under Section 135 of the Companies Act, 2013 under the Income Tax Act, 1961 requires in-depth understanding due to express disallowance under the Income Tax Act, 1961 and the circular no. 01/2015 dated 21.01.2015 issued by CBDT in this matter. The … WebMay 22, 2024 · Applicability [Section 135 (1)] The CSR provisions are applicable to those Companies which fulfills any of the following criteria’s during the immediately preceding financial year : Companies having net worth of rupees five hundred Crore or more, or Companies having turnover of rupees one thousand Crore or more or smog south sacramento
Corporate Social Responsibility: How India’s CSR rules ensure …
WebAug 16, 2024 · Provisions related to CSR are applicable to private limited companies and public limited companies as well as holding and Subsidiaries Company and foreign companies having offices in India and meets any of the following criteria mentioned below: The company has Net Worth of INR 500 crore or more; WebJan 12, 2024 · - Corporate Social Responsibility (CSR) through the Companies (Amendment) Act, 2024 (2024 Amendment Act) which received the assent of the President of India on 31 July 2024. Most of the amendments were made effective from 15 August 2024, except for the amendments relating to CSR. WebJul 28, 2024 · Every company to which CSR criteria is applicable and the amount to be spent by a company is more than Rs. 50 lakh shall be required to constitute a CSR committee of the Board. Corporate Social Responsibility Committee of the Board shall consist of three or more directors, out of which at least one director shall be an … smog star station torrance