Corporate Social Responsibility

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..... Corporate Social Responsibility
News and Press Release
Dated:- 5-12-2014

The provisions of Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013 and Rules ma .....

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..... de thereunder, have come into force from 01.04.2014. This is the first year of implementation of CSR by companies under the Act. Information on compliance by companies in this regard will be available .....

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..... only after statutory Annual Returns on CSR are filed by Companies including private sector companies, which are due after September, 2015. While no specific tax exemption has been extended to expend .....

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..... iture incurred on CSR, expenditure on several activities like contributions to Prime Minister's Relief Fund, scientific research, rural development projects, skill development projects etc., which fin .....

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..... d place in Schedule VII to the Act, already enjoy such exemptions under the Income Tax Act, 1961. As regards contribution made by companies under CSR towards Swachh Bharat and Clean Ganga, no specific .....

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..... tax exemption has so far been made. This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.
News - Press release - PIB .....

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