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Donation in PM CARE FUND

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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..
Replies (5)
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.
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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