In relation to the latest amendments in CSR, I would appreciate if we can conduct a webinar on this topic where all important amendments can be clarified.
As per new Rules it will be effective from 22nd Jan 2021. That means this will be applicable for financial year 2020-21. It is mentioned that whatever unspent amount in CSR A/c has to be transferred to fund specified in Schedule VII. As you know this we all are suffering due to COVID. We didn’t spend required amount in CSR Account. We have only 2 months to spend balance amount otherwise balance unspent CSR amount will have to be transferred. We need clarification about this whether our interpretation is correct.
Request you to kindly use your good office to get clarification which will be useful for all CA fraternity
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