https://www.taxtmi.com/news?id=12050 Section 135 establishes a statutory Corporate Social Responsibility spending obligation requiring covered companies to allocate at least two percent of the average net profit of the three immediately preceding financial years to activities set out in their CSR policy; the corporate sector has raised no objections to the percentage and the Ministry is finalising Rules under the Act. en-us Fri, 06 Dec 2013 16:41:02 +0530 Fri, 06 Dec 2013 16:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12050 Section 135 establishes a statutory Corporate Social Responsibility spending obligation requiring covered companies to allocate at least two percent of the average net profit of the three immediately preceding financial years to activities set out in their CSR policy; the corporate sector has raised no objections to the percentage and the Ministry is finalising Rules under the Act. News - Fri, 06 Dec 2013 16:41:02 +0530 https://www.taxtmi.com/news?id=12050