https://www.taxtmi.com/news?id=15319 Section 135 requires qualifying companies to adopt a Corporate Social Responsibility Policy and to allocate a prescribed proportion of average net profits to CSR activities. Schedule VII defines eligible activities, expressly including relief and welfare of Scheduled Castes, Scheduled Tribes, other backward classes, minorities and women. The Companies CSR Policy Rules and the Ministry circular provide guidance on policy formulation and implementation, and the company board decides allocation of CSR funds across Schedule VII items. en-us Fri, 11 Dec 2015 18:26:58 +0530 Fri, 11 Dec 2015 18:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15319 Section 135 requires qualifying companies to adopt a Corporate Social Responsibility Policy and to allocate a prescribed proportion of average net profits to CSR activities. Schedule VII defines eligible activities, expressly including relief and welfare of Scheduled Castes, Scheduled Tribes, other backward classes, minorities and women. The Companies CSR Policy Rules and the Ministry circular provide guidance on policy formulation and implementation, and the company board decides allocation of CSR funds across Schedule VII items. News - Fri, 11 Dec 2015 18:26:58 +0530 https://www.taxtmi.com/news?id=15319