Csr and donation

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ketan (Querist)
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12 December 2014 Can a company donate money to an educational institution which is eligible for deductions u/s 80G and claim the amount as a part of its CSR??

SHAKTI JINDAL

SHAKTI JINDAL (Expert)
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13 December 2014 Education is one of the permitted activities as per Schedule VII to the Companies Act, 2013. Further, donation to an educational institution can be claimed as a part of CSR if the educational institution fulfills the criteria mentioned in sub-rule (2) of rule 4 of the Companies (Corporate Social Responsibilities Policy) Rules, 2014 viz., track record of 3 years and the company to appropriately specify in its monitoring and reporting mechanism.

Thanks and regards,
Shakti Jindal