https://www.taxtmi.com/news?id=16116 Recommendations focus on clarifying the term "net profit" and re-examining the temporal reference in Section 135(1); increasing the permissible administrative overhead cap; allowing carry forward of unspent CSR balances with a sunset clause and transfer thereafter to funds listed in Schedule VII; framing Schedule VII to cover activities for larger public good; and allocating monitoring responsibility to boards and CSR committees while excluding government engagement of external experts. en-us Tue, 03 May 2016 18:40:08 +0530 Tue, 03 May 2016 18:40:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16116 Recommendations focus on clarifying the term "net profit" and re-examining the temporal reference in Section 135(1); increasing the permissible administrative overhead cap; allowing carry forward of unspent CSR balances with a sunset clause and transfer thereafter to funds listed in Schedule VII; framing Schedule VII to cover activities for larger public good; and allocating monitoring responsibility to boards and CSR committees while excluding government engagement of external experts. News - Tue, 03 May 2016 18:40:08 +0530 https://www.taxtmi.com/news?id=16116