Corporate Law : India's CSR law mandates companies to spend on social welfare. Explore genuine reasons for CSR shortfall and reasons that may seem...
Company Law : learn about corporate social responsibility under companies act 2013 ....
Corporate Law : Explore the key challenges in conducting CSR impact assessments and solutions to ensure meaningful social contributions from corpo...
Company Law : Learn about CSR under the Companies Act, 2013, including its applicability, compliance, governance, spending requirements, and imp...
Company Law : Understand CSR obligations under the Companies Act, 2013. Learn about applicability, contributions, committees, timelines, and pen...
Company Law : Govt discusses proposed amendments to Companies Act, 2013 to enhance ease of business and CSR regulations, ensuring compliance and...
Company Law : Analysis of CSR compliance under the Companies Act, 2013. Details on CSR spending mandates, sectoral allocations, and state-wise e...
CA, CS, CMA : Practice questions on Social Impact Assessment & CSR Audit, covering impact analysis, principles, methods, and taxation aspects fo...
Company Law : Overview of CSR guidelines under the Companies Act, 2013, monitoring mechanisms, and lack of special provisions for local communit...
Company Law : Extend CSR support to Armed Forces, veterans, and war widows. Contributions are tax-exempt under Section 80G and managed transpare...
Income Tax : ITAT Ahmedabad held that provisions of section 68 of the Income Tax Act doesn’t apply in the matter of non-utilisation of amount...
Income Tax : ITAT Delhi resolves Cheil India Pvt. Ltd.'s appeal on CSR expense disallowance under Section 80G. Tribunal observed that CSR expen...
Income Tax : Detailed analysis of ABIS Export India Pvt Ltd Vs DCIT (ITAT Raipur) case regarding CSR expenses deduction under Sec. 80G. Explore...
Income Tax : Detailed analysis of Alubound Dacs India Private Limited vs. DCIT case before ITAT Mumbai regarding the allowance of Section 80G d...
Income Tax : Explore crucial rulings in case of Interglobe Technology Quotient Pvt Ltd vs ACIT (ITAT Delhi) regarding CSR expenditure disallowa...
Company Law : Regional Director modifies CSR penalty for Clairvoyant India, waiving fines for directors, and reducing company penalty due to pro...
Company Law : Last date of filing Form CSR-2 separately on or before 31st December, 2024, (after filing Form No. AOC-4 or Form No. AOC-4-NBFC (I...
Company Law : Ingeteam India Pvt Ltd faces penalty for failing to comply with CSR obligations under Section 135 of the Companies Act, 2013....
Company Law : MCA amends Companies (Accounts) Rules, 2014. CSR-2 form filing for FY 2023-24 extended to December 31, 2024. Learn more about this...
Company Law : Registrar of Companies Coimbatore issues penalty order under Section 454 for CSR non-compliance by Adisankara Spinning Mills Pvt L...
Explore the landscape of Corporate Social Responsibility (CSR) in India: Compliance, enforcement challenges, and future directions for sustainable business practices.
Discover the latest changes in Companies (CSR Policy) Rules, 2014 including CSR applicability, expenditure modes, penalties for non-compliance, and amendments.
Corporate Social Responsibility (CSR) is a concept that has gained considerable significance in the business world, especially in India, where companies are increasingly realizing the importance of giving back to society. In India, CSR is not only a voluntary activity but also a mandatory obligation under the Companies Act, 2013
Violation of Section 135(6) of Companies Act, 2013 by M/S. Kony India Private Limited as company failed to transfer an unspent amount of Rs. 42,09,263/- to the Unspent Corporate Social Responsibility Account within the specified time frame. The company has since transferred the amount, but a penalty has been imposed. The penalty for the company […]
Corporate Social Responsibility (CSR) legislation in India mandates companies (mentioned below) to engage in CSR activities and spend at least 2% of their average net profit from the three fiscal years prior to the current one on CSR initiatives.
Delhi High Court held that Corporate Social Responsibility [CSR] expenses incurred by assessee are allowable as deduction under section 37(1) of Income Tax Act.
Understand the intricacies of CSR expenditure deduction under Section 80G. Explore recent clarifications and legal standpoints for a comprehensive view.
PCIT Vs Steel Authority of India Ltd. (Delhi High Court) Undisputedly, the departmental authorities have disallowed the CSR expenses, firstly, on the reasoning that it is of capital nature, and secondly, it is not incurred wholly and exclusively for the purpose of business. As per section 135 of the Companies Act, 2013, every company having […]
Section 135 of Companies Act, 2013 provides for provisions regarding Corporate Social Responsibility (CSR) requirements for companies. Every company falling within the prescribed threshold of paid up capital and net profits is required to comply with the provisions of CSR stated under the abovementioned section.
CIT(A) erred in confirming addition of CSR expenses to book profit, when there is no such requirement to adjust the same while computing book profit as per section 115JB
