Showing posts with the label expenditure

Eligibility of CSR expenditures made for COVID-19 activities

My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  MCA has issued FAQs on eligibility of CSR expenditures made for COVID 19 activities. General Circular No. 15/2020.  F. No. CSR-01/4/2020-CSR-MCA dt. 10.04.2020 Government of India  Ministry of Corporate Affairs    The Ministry has been receiving several references/ representations from various stakeholders seeking clarifications on eligibility of CSR expenditure related to COVID-19 activities. In this regard, following are the FAQs along with clarifications. These are as follows. For the ease of simplicity to my readers, viewers, clients, I have darkened the specific words. All of You will know easily. S. No. Frequently Asked Questions (FAQs) Reply 1 Whether contribution made to ‘ PM CARES Fund ’ shall qualify as CSR expenditure? Contribution made to ‘PM CARES Fund’ shall qualify as CSR ex