Taxmann's Corporate Social Responsibility Law & Practice

This book provides a comprehensive analysis of Corporate Social Responsibility (CSR) provisions in the following:

Companies Act, 2013

Companies (Corporate Social Responsibility Policy) Rules, 2014

The Present Publication is the latest 2022 Edition, authored by Rajesh S. Kadakia, with the following noteworthy features:

[Updated CSR Compliance Requirements] are provided in this book

[Explaination of CSR Provisions] with a fresh perspective & illustrations

[Carefully Crafted to provide Insights on Complex Topics] such as:

o Activities that are regarded as CSR

o Different Applicability Criteria

o CSR Committee

o CSR Policy

o Roles & Responsibilities of Board of Directors

o Calculation of the Quantum of Spending on CSR

o Approved Modes of incurring CSR Expenditure

o Impact Assessment

[Applicability of CSR Provisions to Section 8 & Foreign Companies] along with disclosure requirements, reports/certificates and consequences of default is also included in this book

[Accounting Aspects & Income-tax Provisions] and interpretation regarding the deductibility of CSR expenditure is also covered in this book

This book also consists of the following:

o Relevant Section of the Companies Act, 2013

o Schedule VII of the Companies Act, 2013

o Companies (Corporate Social Responsibility Policy) Rules, 2014

o Relevant Notifications under Companies Act, 2013

o Relevant Circulars/Clarifications under the Companies Act, 2013

The detailed contents of this book are as follows:

Background, text, applicability and actions required upon the applicability

Applicability to 'every company' fulfilling one of the criteria in section 135

Applicability of section 135 to holding company or subsidiary company of a company to which section 135(1) is applicable

CSR Net worth criterion

Net profits criterion (Profitability)

Turnover criterion

Financial year Meaning

CSR committee

CSR policy

Corporate social responsibility (CSR)

Board of directors

Quantum of spending on CSR (2% of average net profits plus surplus from CSR activity)

CSR expenditure

Implementation of CSR activities

Preference to a local area of operation and area around it

Impact assessment

Ongoing project

Implementation through implementing agencies

Companies licensed under section 8 of the Companies Act, 2013 or section 25 of the Companies Act, 1956

Activities under Schedule VII of the Companies Act, 2013

Applicability to a foreign company

Miscellaneous

Accounting

Disclosure requirements

Reports and certificates

Consequences of defaults in spending on CSR activities

CSR Deductibility of CSR expenses under the Income-tax Act, 1961

CSR Deductibility of CSR expenditure under section 80G of the Income-tax Act, 1961

Dettagli