KRIESHAN GROVERR (Practising Chartered Accoutant) (39 Points)
10 March 2023An educational trust registered under Sec 8 of the Companies Act wants to constrcut additional building in its existing school and accept donations for the same from companies - both Public and Pvt ltd companies.
Will this be covered and elegible as CSR activites?
sabyasachi mukherjee
(27574 Points)
Replied 13 March 2023
Jatin Bajaj
(CS)
(2930 Points)
Replied 04 May 2023
If an education trust will provide education as per the activities specified in schedule vii of the Companies Act 2013, it would be considered CSR Activities. Constructing additional building may fall under the ongoing projects of the CSR Activity
CAclubindia
