Csr and donation
This query is : Resolved
12 December 2014
Can a company donate money to an educational institution which is eligible for deductions u/s 80G and claim the amount as a part of its CSR??
13 December 2014
Education is one of the permitted activities as per Schedule VII to the Companies Act, 2013. Further, donation to an educational institution can be claimed as a part of CSR if the educational institution fulfills the criteria mentioned in sub-rule (2) of rule 4 of the Companies (Corporate Social Responsibilities Policy) Rules, 2014 viz., track record of 3 years and the company to appropriately specify in its monitoring and reporting mechanism.
Thanks and regards,
Shakti Jindal
Thanks and regards,
Shakti Jindal
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