Concessions to Corporate Sector

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Concessions to Corporate Sector - News and Press Release Dated:- 5-12-2015 - News - The Ministry of Corporate Affairs has notified Companies (Corporate Social Responsibility Policy) Rules, 2014 (http://www.mca.gov.in), which prescribes the format for disclosure of utilisation of Corporate Social Responsibility (CSR) funds by the companies. There are no specific tax exemption/concessions to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... companies under the Income Tax Act, 1961 for expenditure incurred by companies towards CSR. However, spending by companies on several activities like rural development projects, skill development projects, agricultural extension projects, contribution to Prime Minister s National Relief Fund etc., which find place in Schedule VII of the Companies Act, 2013 , may qualify for tax exemptions un .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... der relevant provisions of Income Tax Act, 1961 subject to the fulfilment of any specified conditions. This Ministry administers the Companies Act, which does not deal with employment policy of corporates. The rate of growth of corporates in various States during each of the last three financial years, State/UT-wise is given in Annex. This Ministry neither deals with priority sector nor .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... with the investment policy of the companies. This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X