Clarification on spending of CSR funds for ‘creating health infrastructure for COVID care’, ‘establishment of medical oxygen generation and storage plants’ etc.

Clarification on spending of CSR funds for ‘creating health infrastructure for COVID care’, ‘establishment of medical oxygen generation and storage plants’ etc. https://www.taxtmi.com/circulars?id=64803 Spending CSR funds on COVID care health infrastructure, medical oxygen generation and storage plants, and manufacture or supply of oxygen-related medical equipment is eligible under the health care and disaster management heads of Schedule VII; contributions to specified R&D projects and public-funded research organisations are also eligible. Companies, including government companies, may undertake these activities directly or collaboratively, subject to compliance with the Companies (CSR Policy) Rules, 2014 and Ministry guidelines. en-us Wed, 05 May 2021 00:00:00 +0530 Wed, 05 May 2021 16:45:00 +0530 TaxTMI RSS Generator Clarification on spending of CSR funds for ‘creating health infrastructure for COVID care’, ‘establishment of medical oxygen generation and storage plants’ etc. https://www.taxtmi.com/circulars?id=64803 Spending CSR funds on COVID care health infrastructure, medical oxygen generation and storage plants, and manufacture or supply of oxygen-related medical equipment is eligible under the health care and disaster management heads of Schedule VII; contributions to specified R&D projects and public-funded research organisations are also eligible. Companies, including government companies, may undertake these activities directly or collaboratively, subject to compliance with the Companies (CSR Policy) Rules, 2014 and Ministry guidelines. Circulars Companies Law Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64803