CSR CONSULTANT

Updates


Source : Guidance Note by ICAI dated 15-May-2015

Only the expenditure incurred on CSR activities needs to be disclosed in the Financial Statements. No provision for the unspent amount is to be made in the Financial Statements. Reasons for not spending the amount should be made in Director’s report for the year.(For details refer Source.)

 

Source: Notification GSR 741 (E) by MCA dated 24-Oct-2014

i) In item (i) of Schedule VII , after the words “and sanitation”, the words “including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation” shall be inserted;

(ii) In item (iv) of Schedule VII , after the words “and water”, the words “including contribution to the Clean Ganga Fund setup by the Central Government for rejuvenation of river Ganga;” shall be inserted.