Whether a Donation by a company to an NGO for construction of a building (a small contribution to a big project) amount to CSR expense? The building is school building for specially abled children being constructed by an NGO. Any specific provisions / conditions / restrictions on payment towards capital spends?
For CSR expenses you have to refer section 135 of the Companies Act 2013 , above is CSR or not you have to refer Schedule VII of companies Act 2013 . amended till date.
V.K. Ranjan & Co(Chartered Accountants)
New Delhi
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