Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
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Schedule VII of the Companies Act, 2013 has been amended to include "subscription to zero coupon zero principal instruments on Social Stock Exchange" as a permitted item. The amendment expands the recognised scope of Schedule VII spending for corporate social responsibility purposes, allowing companies to treat such subscription as eligible under the Schedule. The notification takes effect from the date of publication in the Official Gazette.
Schedule VII of the Companies Act, 2013 has been amended to include "subscription to zero coupon zero principal instruments on Social Stock Exchange" as a permitted item. The amendment expands the recognised scope of Schedule VII spending for corporate social responsibility purposes, allowing companies to treat such subscription as eligible under the Schedule. The notification takes effect from the date of publication in the Official Gazette.
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