https://www.taxtmi.com/circulars?id=54204 Section 135 requires eligible companies to have Board approved CSR policies and programmes recommended by CSR Committees, compute average net profit per Companies Act rules, and spend prescribed amounts that are not business deductions. CSR activities must relate to Schedule VII and may include contributions to trusts or section 8 companies if exclusively for CSR purposes. Ineligible items include employee only benefits, one off events, statutory compliance costs, political contributions and projects outside India. Boards must disclose CSR policy on websites and include an annual CSR report in the Board's Report; government's role is limited to rule making and disclosure requirements. en-us Tue, 12 Jan 2016 00:00:00 +0530 Tue, 17 May 2016 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54204 Section 135 requires eligible companies to have Board approved CSR policies and programmes recommended by CSR Committees, compute average net profit per Companies Act rules, and spend prescribed amounts that are not business deductions. CSR activities must relate to Schedule VII and may include contributions to trusts or section 8 companies if exclusively for CSR purposes. Ineligible items include employee only benefits, one off events, statutory compliance costs, political contributions and projects outside India. Boards must disclose CSR policy on websites and include an annual CSR report in the Board's Report; government's role is limited to rule making and disclosure requirements. Circulars Companies Law Tue, 12 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54204