High Level Committee on CSR recommends CSR expenditure to be made tax deductible expenditure

High Level Committee on CSR recommends CSR expenditure to be made tax deductible expenditure https://www.taxtmi.com/news?id=21878 Recommend treating CSR expenditure as tax deductible with carry forward of unspent balances for 3-5 years; align Schedule 7 to an SDG plus framework adding areas such as sports, senior citizens' welfare, disability welfare, disaster management and heritage protection; require impact assessments for CSR obligations of Rs. 5 crore or more; register implementation agencies on the regulator portal; create a CSR exchange; permit social benefit bonds and promote social impact companies; discourage CSR as substitute funding for government schemes; exempt companies with prescribed CSR below Rs. 50 lakh from a CSR Committee; and make CSR noncompliance a civil offence under the penalty regime. en-us Tue, 13 Aug 2019 17:59:01 +0530 Wed, 11 Feb 2026 15:58:28 +0530 TaxTMI RSS Generator High Level Committee on CSR recommends CSR expenditure to be made tax deductible expenditure https://www.taxtmi.com/news?id=21878 Recommend treating CSR expenditure as tax deductible with carry forward of unspent balances for 3-5 years; align Schedule 7 to an SDG plus framework adding areas such as sports, senior citizens' welfare, disability welfare, disaster management and heritage protection; require impact assessments for CSR obligations of Rs. 5 crore or more; register implementation agencies on the regulator portal; create a CSR exchange; permit social benefit bonds and promote social impact companies; discourage CSR as substitute funding for government schemes; exempt companies with prescribed CSR below Rs. 50 lakh from a CSR Committee; and make CSR noncompliance a civil offence under the penalty regime. News - Tue, 13 Aug 2019 17:59:01 +0530 https://www.taxtmi.com/news?id=21878