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 ...
Corporate altruism in India has found a new purpose since advent of the COVID-19 pandemic. With the nationwide lockdown upending economic activity at one hand and disrupting lives, especially of the poor, on the other, companies have not only opened their purse strings but also rolled up their sleeves to respond proactively to the pandemic. […]
At present, provisions under section 135 of the Act regulate large companies i.e. (a) companies having net worth of INR 500 crores or more; (b) turnover of INR 1,000 crores or more; or (c) net profit of INR 5 crore or more, during the immediately preceding financial year, to spend at least 2% of the average net profits during the three immediate preceding financial years towards CSR activities.
The uncertainty on whether corporations can avail input tax credit (ITC) for any expenditure made under Corporate Social Responsibility (CSR) is a longstanding one. In the absence of a clear-cut law, corporations have had to rely on specific AAR rulings to ascertain whether they can avail ITC for their CSR expenditure. However, inconsistent findings by […]
Section 135(1) of the Companies Act 2013, deals with the CSR provisions and constitution of CSR committee. Modes of spending CSR expenditure: As per Rule 4(2), Companies can spend on CSR activity through any of the below 3 ways. 1. Eligible Companies coming together to form a Trust, Society, or Section 8 Company for conducting CSR […]
National Building Construction Corporation Ltd. Vs Add. CIT (ITAT Delhi) In the instant case before us also, the expenses have been incurred on the direction of the relevant Ministry / Government of India. Further, neither the Assessing Officer nor the learned DR has rebutted the contention of the assessee that expenses have been incurred for […]
Expectations of Humanities from Corporates World The basic existence of the Corporates is to satisfy the essential of the society by suppling goods and services as per the various consumer need. But the Corporates should also be allowed to make profit for their very being and sustainability. The Corporates drew a lot from the society […]
Appellant, during AY 2012-2013, paid a huge amount towards provision of toilet facilities in Government Schools where the children of employees of the Appellant were studying. While filing the returns for that year, the Appellant claimed the same amount as Corporate Social Responsibility (CSR) expenses and submitted that by incurring the expenses, its productivity improves and the loyalty of its employees are also ensured.
Many non-governmental organisations (NGOs) have limited fundraising options due to a lack of funding sources or targeted corporates willing to support projects with CSR funds. This is where CSR2life.com comes in: a digital CSR funding platform for social enterprises and non-governmental organisations (NGOs) fundraising for a cause. Why CSR2Life? If you are looking for an […]
Key points of provisions of Section 135 of Companies Act, 2013 [(Corporate Social Responsibility (CSR)] 1. Provisions of this section is applicable to all companies having turnover of Rs. 1000 crore or more or Net profit of Rs. 5 crore or more or Net worth of Rs. 500 crore or more in immediately preceding financial […]
Introduction Healthcare is a worldwide concern and not only an issue which alone can be handled by the government. With fast increment and complexity of medical problems it has turned into a critical requirement for corporates to step in and address these issues along-with the Government. Corporates along with other health related sectors should actively […]
