CSR Activities or not

Shall the following qualified as a CSR Activiteis

Directly transfer of money in the bank accounts of poor/BPL catogories for their food and othe basic needs.

Replies (3)
Quick Summary
This discussion explores whether directly transferring funds to the bank accounts of impoverished or Below Poverty Line (BPL) individuals for basic needs constitutes a Corporate Social Responsibility (CSR) activity. It also touches upon the proper handling of unspent CSR funds, including the requirement to transfer any surplus from the previous year's 3% average profit (or the corrected 2%) into a dedicated CSR account before the April 30th deadline.

yes you can transfer it and take signatures from them. If you still have surplus of the 3 years 3% average profits, then,  open an account Unspent Corporate Social Responsibility A/c and transfer the unspent amount of CSR before 30th April 2021.

i think you mean to say 2% of average profit

Yes, sorry I forgot. Txs or mentioning

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