Hello all,
Whether CSR expenditure of a company can be claimed as business expenditure?
expenditure
If a company cannot take the benefit of set off of excess amount spent in the previous financial year because of non applicability of CSR
provisions, will the excess amount lapse?
activity
expenditure
excess
Hello members,
Can expenditure incurred toward personnel exclusively appointed by company for implementation of CSR activities beincluded in the expenditure earmarked for CSR activities ?
company
expenditure
If the company expend more than the prescribed limit ( i.e. 2% of average net profit ) in any financial year , is there any provision to set of excess money as like carry forward liability to spending money in any financial year? if yes ,explain?
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If a Section 8 Company is carrying its business activity falling under Schedule VII and CSR is applicable on it as per section 135(1).
Can company comply the provision of 135 by spending its 2% of average net profit to its normal business activity as the same is covered under Schedule VII ?
company
section
expenditure
Dear All,
Request you to provide your views on the following:
CSR provisions are not applicable to XYZ Ltd. in FY 2021-22. However, the company has decided to make a voluntary contribution to the CSR. CSR provisions become applicable to company in 2022-23. Whether the amount of voluntary contribution made in FY 2021-22 will be available for set-off against the CSR contribution to be made for the FY 2022-23 in view of the provisions of the sec. 135(5) (refer third proviso) of the Companies Act, 2013?
expenditure
Dear Members,
Can CSR expenditure be approved by the Circular Resolution of the CSR Committee?
Thank you
resolution
approval
expenditure
Dear Members,
While we incorporating Sec-8 companies, do we required to give income and expenditure account for 3 years on the letterhead of CA or estimate given by Promoters on plain paper is enough. Please advise.
requirement
reporting
statement
expenditure
income
Dear Members,
While we incorporating Sec-8 companies, do we required to give income and expenditure account for 3 years on the letterhead of CA or estimate given by Promoters on plain paper is enough. Please advise.
requirement
reporting
statement
expenditure
income
Dear Members,
What documents shall be taken if a company donates oxygen plants as CSR?
expenditure
required
documentation
Dear members,
Kindly share the format of projected income expenditure statement for three years in case of incorporation of section 8 company,as received the below mentioned objection.
"Provide an estimate of the future annual income and expenditure of the
company for next three years, specifying the sources of the income and the objects of the expenditure as per Rule
19(3)(c) of Companies (Incorporation) Rules, 2014 and the amendments thereto."
statement
expenditure
income
DEAR MEMBERS,
Does the Amount spent for any Temple Renovation/ Construction qualify for CSR amount Spent under head (v) protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and handicrafts;
expenditure
