Dear Concerned,
I need to know whether a Company can carry out its CSR activities by forming a Trust specially for this purpose. The Co. will transfer its funds to the trust for CSR Expenditure and the trust will spend the same in an hospital which is registered as a trust and is granted an 80G certificate.
Do the trust so created by the company need to be registered u/s 12A of Income Tax act, and also to get 80G certificate?? Will the money so transferred to the Trust be treated as CSR Expenditure or not as per Companies ACt,2013 ??
A fast reply will be very useful and is highly appreciated.
Thank you.
CAclubindia
