Corporate social responsibility (csr)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2012 Our client presented a Car to sports person who won a medal for India and showing such expenditure as CSR is that correct tretment? if so does it attract any tds provisions? i.e., @30% on gifts

Amol S Joglekar

Amol S Joglekar (Expert)
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02 December 2012 http://www.india-briefing.com/news/corporate-social-responsibility-india-5511.html/

CSR is the procedure of assessing an organization’s impact on society and evaluating their responsibilities. It begins with an assessment of the following aspects of each business:

01. Customers 02. Suppliers 03. Environment
04. Communities. 05.Employees

So it is left to the imagination of the company to see if it is CSR or not... before it gets enacted.

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