Webadministration of CSR functions in the company. Therefore, expenses incurred by implementing agencies on the management of CSR activities shall not amount to … WebSubject: - Frequently Asked Questions (FAQs) on Corporate Social Responsibility (CSR) -reg. Madam/Sir(s), The broad framework of CSR has been provided in Section 135 of the Companies Act, 2013 (herein after referred as ‘the Act’), Schedule VII of the Act and Companies (CSR Policy) Rules, 2014 (herein after referred as ‘the CSR Rules’).
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WebThe guidance note recommends that expenditure on the CSR activities that qualify to be recognised as an expense should be presented as a separate line item as the ‘CSR expenditure’ in the statement of profit and loss. WebHowever, as per the Guidance Note on Tax Audit issued by the Institute of Chartered Accountants of India there is no impact on the profit of the assessee. ... deduction in respect of expenses “laid out” or “expended” for the purpose of business. The concept of prudence is inherent. Held: ICDS I which does away with the concept of ... rose hanbury and prince william affair
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Webaccounting standards and guidance notes which are applied for the purpose of financial reporting. With a view to give guidance to the professionals while applying and … WebThe Guidance Note does not deal with identification of activities that constitute CSR activities, but only provides guidance on accounting for expenditure on CSR activities in line with the requirements of the generally accepted accounting principles including the applicable Accounting Standards. WebMay 26, 2015 · The Guidance Note provides guidance on accounting for expenditure on CSR activities. It is mostly in line with generally accepted accounting principles including … rose hanbury alexander hugh george