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CSR expenditure.

Malathi.S (Trichy) (65 Points)

03 September 2021

Hi, whether donation of laptop to Police department can be construed as CSR expenditure? Thank you.

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11 Replies

CMA Poornima Madhava (CMA) (13097 Points)
Replied 03 September 2021

As I understand, such contributions are not covered under schedule VII of Companies Act 2013. So not a CSR expenditure.

1 Like

Malathi.S (Trichy) (65 Points)
Replied 03 September 2021

Thank you

Seema Gupta (auditor) (283 Points)
Replied 04 September 2021

These activities are allowed as CSR Expenditure

Eradicating extreme hunger and poverty
Promotion of education
Promoting gender equality and empowering women
Reducing child mortality
Improving maternal health
Combating human immunodeficiency virus, acquired, immune deficiency syndrome, malaria and other diseases
Ensuring environmental sustainability,
Employment enhancing vocational skills, social business projects
Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government or the State Governments for socio-economic development, and
Relief and funds for the welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women and such other matters as may be prescribed.

to donate laptop is not under any social projects so you can't take it as CSR Expenditure.

1 Like

Malathi.S (Trichy) (65 Points)
Replied 04 September 2021

Thank you so much

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 05 September 2021

No it should not be treated as CSR activities

1 Like

CS Divesh Goyal (Practicing Compnay Secretary) (50010 Points)
Replied 06 September 2021

such contributions are not covered under schedule VII of Companies Act 2013. So not a CSR expenditure.

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CS Divesh Goyal (Practicing Compnay Secretary) (50010 Points)
Replied 06 September 2021

Always Check Schedule VII for CSr Expenditure.

1 Like

Malathi.S (Trichy) (65 Points)
Replied 06 September 2021

Thank you

CS Anisha Pandey (Company Secretary ) (34 Points)
Replied 06 September 2021

Company is spending in multi year project but company has not transferred the upspent csr amount to separate bank account within 30 days of the end of the financial year ?
what can be done now?
any solution apart from transfering to specified fund ?