Updates on Corporate Social Responsibility Amendment Rules, 2021 Ministry of Corporate Affairs has issued Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 and in order to bring transparency and increase the accountability of the Companies required undertaking CSR Activities following major amendments have been made...
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MCA has amended the Companies (CSR Policy) Rules, 2014 through notification dated January 22, 2021. It shall be noted that the MCA has brought major changes in the Companies (CSR) Rules, 2014 through Companies (CSR) Amendment Rules, 2021....
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Notification No. S.O. 325(E). -
22/01/2021
Central Government hereby appoints the 22nd day of January, 2021 as the date on which the following provisions of the said Act shall come into force, namely:-...
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Notifications No. S.O. 324(E) -
22/01/2021
MCA notifies 22nd day of January, 2021 as the date on which the provisions of section 21 of Companies (Amendment) Act, 2019 shall come into force. Section 21 deals with Amendment of section 135 of Companies Act, 2013 related to Corporate Social Responsibility. Also Read – Companies (Corporate Social Responsibility Policy) Amendment ...
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Notification No. G.S.R. 40(E). -
22/01/2021
(1) These rules may be called the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette unless explicitly provided elsewhere in this notification....
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Handbook on Audit of CSR Activities, has been published by the ICAI in an effort to guide the members in meeting the expectations of the professionals and the stakeholders in this respect. ...
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General Circular No. 01/2021 -
13/01/2021
Spending of CSR funds for carrying out awareness campaigns/programmes or public outreach campaigns on COVID-19 Vaccination programme is an eligible CSR activity...
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Add. CIT Vs Rites Limited (ITAT Delhi) -
Addl. CIT Vs Rites Limited (ITAT Delhi) AO has disallowed claim of the assessee company qua CSR expenditure by misinterpreting the provisions contained under section 37(1) of the Act by observing that since CSR expenditure is not incurred for the purpose of carrying on the business, such expenditure cannot be allowed under the existing ...
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Addl. CIT Vs Rites Limited (ITAT Delhi) -
Addl. CIT Vs M/s. Rites Limited (ITAT Delhi) Perusal of the assessment orders goes to prove that AO has mechanically disallowed the claim of expenditure made by the assessee company towards Corporate Social Responsibility (CSR) and sustainable development without analyzing the fact that assessee company being a Government undertaking is r...
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Hindustan Tin Works Ltd. Vs DCIT (ITAT Delhi) -
Hindustan Tin Works Ltd. Vs DCIT (ITAT Delhi) The Explanation -2 has been inserted below the section 37 (1) of the Act with effect from 01/04/2015 i.e. assessment year 2015-16. According to the said Explanation, corporate social responsibility expenditure incurred shall not be deemed to be incurred wholly and exclusively for the purpose o...
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