Renewable / Solar energy installations within factory premises for business consumption where the company chooses solar energy in the interest of the environment even though it is more expensive than grid electricity. Whether this can be allowed as CSR ???
Menu
Installation of solar energy in plant whether csr
Replies (1)
As per general circularno 21/2014 dated 18/06/2014, point 2, CSR activities should be conducted by the companies in rogramme/ project mode. One off events will not be treatde as CSR Activities
Moreover point no. 3 explains that any act done for fulfilment of any act/ statue will not term as CSR Expenditure.
Hence, from my point of view, any amount spent by the company for society in form of programmes will assumed to be CSR activity. And any amount spent for business consumption for benefit of the company will not termount to CSR Activity.
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
