CSR expenditure.
Malathi.S (Trichy) (65 Points)
03 September 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 September 2021
Seema Gupta
(auditor)
(283 Points)
Replied 04 September 2021
These activities are allowed as CSR Expenditure
to donate laptop is not under any social projects so you can't take it as CSR Expenditure.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 05 September 2021
CS Divesh Goyal
(Practicing Compnay Secretary)
(50530 Points)
Replied 06 September 2021
such contributions are not covered under schedule VII of Companies Act 2013. So not a CSR expenditure.
CS Divesh Goyal
(Practicing Compnay Secretary)
(50530 Points)
Replied 06 September 2021
Always Check Schedule VII for CSr Expenditure.
CS Anisha Pandey
(Company Secretary )
(34 Points)
Replied 06 September 2021
CS Divesh Goyal
(Practicing Compnay Secretary)
(50530 Points)
Replied 06 September 2021
You can transfer to specified Bank account. But this shall be consider as non compliance of law.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)