MCA: High Level Committee proposes making CSR expenditure tax deductible, violation a civil offence

Aug 13,2019

Shri Injeti Srinivas, Secretary (Corporate Affairs), presents the Report of the High Level Committee on CSR ('the Committee') to the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, proposes to make CSR expenditure tax deductible; Among far reaching recommendations, the main recommendations of the Committee include (i) provision to carry forward unspent balance for 3 - 5 years, (ii) aligning Schedule VII with Sustainable Development Goals ...

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