Company Law : APPLICABILITY OF CSR – Section 135 of Companies Act, 2013 1. Every company having net worth of rupees five hundred crore or ...
Company Law : Explore returnable grants in CSR, their benefits, and challenges. Learn how these grants promote financial inclusion and multiply ...
Company Law : Explore key highlights from the Union Budget 2024-25 on economy and taxation, including GST updates, direct tax reforms, and fisca...
Company Law : Explore how corporate social responsibility (CSR) impacts consumer behavior and purchase decisions, enhancing brand loyalty and tr...
Company Law : Understand Section 135 of the Companies Act, 2013 with this comprehensive guide. Learn about CSR provisions, amendment rules, and ...
Company Law : Govt. of India's recent measures to enhance corporate governance, prevent fraud, and ensure effective CSR practices. Insights on r...
Company Law : Explore the CSR fund allocation process and district-wise spending details for Uttar Pradesh in the last financial year....
Company Law : The Indian Government clarifies CSR fund regulations, rejecting mandatory sector-specific spending and outlining measures for moni...
CA, CS, CMA : Request for extension of time period for filing of Form CSR-2 for the financial year ended March 31, 2022 without levying addition...
CA, CS, CMA : ICSI Request for extension of time period for filing of Form CSR 2 for the financial year ended March 31, 2022 without levying add...
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...
Income Tax : Explore how ITAT Kolkata ruling on Britannia Industries Ltd. CSR contributions clarifies tax deductions under Section 80G....
Income Tax : In a recent decision, ITAT Mumbai allows Section 80G deduction on CSR expenses for Rustomjee Realty Pvt Ltd, challenging the disa...
Company Law : Stanley Black & Decker India faces penalties under Section 135 of the Companies Act, 2013 for delays in CSR fund transfers due to ...
Company Law : Read the detailed penalty order issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli against Ganesh Green Bharat Li...
Company Law : Lantiq Communications India Pvt Ltd faces penalties for CSR non-compliance under Sections 134 and 135 of the Companies Act. Penalt...
Company Law : Workforce Logiq India Pvt Ltd faces penalties for CSR non-compliance under Section 135 of the Companies Act, 2013. Details of the ...
Company Law : Learn about penalties imposed by MCA under Companies Act 2013 for non-compliance with CSR spending regulations. Detailed analysis ...
MCA has vide notification dated 31.03.2022 extends Implementation of Audit Trail software to financial year commencing on or after the April 1, 2023 and also extended CSR-2 due date till May 31, 2022. Extension of due date for filing form CSR-2 The MCA vide its notification dated 11th February, 2022 had introduced form CSR-2 by […]
In this article author discusses, Which year figures should be mentioned in Column 3 of Form CSR-2 and Whether we have to mention figures of FY 2019-20 (i.e. 31.03.2020) or FY 2020-21 (i.e. 31.03.2021)? Reason of Confusion on this point: Instruction kit mentioned that, needs to mention figures of FY 2020-21. Logic says that, Company […]
ICSI requested MCA to provide clarification on the queries being shared to enable the professionals to file the e-form. It is also requested to extend the timelines to file Form CSR-2 by the companies for the preceding financial year 2020-2021 from 31st March, 2022 to 30th June, 2022. The Institute of Company Secretaries of India IN […]
Whether the Government is planning to amend the Corporate Social Responsibility (CSR) rules under the Companies Act, 2013 to make it mandatory for the companies to create a corpus for disaster management;
Mysore Minerals Ltd. Vs DCIT (ITAT Bangalore) AO noted that assessee has incurred above expenses towards corporate social responsibility as per Companies CSR Rules 2014. He was of the view that under the existing provisions of the Income-tax Act, expenditure incurred wholly and exclusively for the purposes of the business is only allowed as a […]
The concept of Corporate Social Responsibility (referred as CSR) has become a dominant concept which is mandatorily followed by business vide Section 135 of The Companies’ Act, 2013. Thus, every entity is required to furnish its CSR report explaining such activities otherwise one may suffer from serious consequences of it with a charge of heavy penalty.
As you are aware that Corporate Social Responsibility (CSR) is a concept that a business has a responsibility to do good. CSR means a company should self-regulated regulate its transactions so that it will be accountable for its stakeholders such as shareholders, suppliers, creditors, financial institutions, social environment, government etc. CSR means a business entity […]
MCA has issued notification on 11th February 2022 called as Companies (Account) Amendment Rules 2022. Ministry has introduced a new form CSR-2 by these new rules. Further, made insertion in Rule 12 of such rules. One more step towards CSR Reporting, One more amendment, one more Circular A. Applicability: This new Rule shall be applicable […]
Key points to keep in mind and information to keep ready before filing Form CSR-2 1. The form is a Web based form to be filed for the F.Y.-2020-21 and, for the upcoming years the form shall be filed as an attachment to for AOC-4, AOC-4 (XBRL), AoC-4 (NBFC). 2. SRN of form AOC-4/ AoC-4 […]
Eligibility of Input Tax Credit (ITC) on Corporate Social Responsibility (CSR) Expenses Under GST 1. Introduction: – Goods & Services Tax (GST) is regarded as the most ambitious and remarkable indirect tax reform in India’s post-independence history. The GST regime is based on uninterrupted and seamless flow of Input Tax Credit (ITC) in order to […]
