Kindly inform whether donation made under PM CARE FUND DURING 2020-21 is part of section 181 of companies act 2013 i.e donation amount cannot exceed 5% of average profit of last three years.
kindly inform whether PM CARE WILL BE PART OF ABOVE OR IT IS EXCLUDED..
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Donation in PM CARE FUND
Replies (5)
Quick Summary
PM CARES Fund shall qualify as CSR expenditure under the Companies Act 2013.
eF. No. CSR-05/1/2020-CSR-MCA
so pm care fund is not donation under section 181 of CA ACT 2013.
eF. No. CSR-05/1/2020-CSR-MCA
so pm care fund is not donation under section 181 of CA ACT 2013.
No it will not be a bona fide charity donation it will be treated as CSR
It doesn't come under section 181 of companies act 2013
Yes ...
Donation to pm care fund will 100% qualify csr as per circular no. CSR-05/1/2020-CSR-MCA dated 28th March, 2020.
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