Clarification on contribution to PM CARES Fund as eligible CSR activity under item no. (viii) of the Schedule VII of Companies Act, 2013

Clarification on contribution to PM CARES Fund as eligible CSR activity under item no. (viii) of the Schedule VII of Companies Act, 2013 https://www.taxtmi.com/circulars?id=63742 Contributions to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund), set up to provide relief in emergencies, are clarified to qualify as CSR expenditure under the Companies Act because Schedule-authorized activities include contributions to Central Government funds for socio-economic development and relief. en-us Sat, 28 Mar 2020 00:00:00 +0530 Sat, 11 Apr 2020 10:17:00 +0530 TaxTMI RSS Generator Clarification on contribution to PM CARES Fund as eligible CSR activity under item no. (viii) of the Schedule VII of Companies Act, 2013 https://www.taxtmi.com/circulars?id=63742 Contributions to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund), set up to provide relief in emergencies, are clarified to qualify as CSR expenditure under the Companies Act because Schedule-authorized activities include contributions to Central Government funds for socio-economic development and relief. Circulars Companies Law Sat, 28 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63742