Unspent Corporate Social Responsibility Account

Others 336 views 3 replies

Trushar Gadhavi

Accounts Manager

5 Points Joined July 2017

Can anyone share the detailed opinion whether unspent corporate Social Responsibility Account needs to be opened compulsory before 31 Marsh 2020? What if the fund available for the year has been spent totally ?

Replies (3)

Guest

Unspent Corporate Social Responsibility Account has to be openend only in the case when amount allocated to CSR policy remain unspent and that unspent amount relates to an ongoing activity.

Hence if allocated amount is fully spent then there is no need to open such account