In reference to Impact Assessment of CSR Activities, answer the following: If impact assessment is done voluntarily, whether cost incurred on the same will qualify as CSR expenditure.
CS Professional · CSR and Social Governance · PYQS · June 2024
In reference to Impact Assessment of CSR Activities, answer the following: If impact assessment is done voluntarily, whether cost incurred on the same will qualify as CSR expenditure.
Answer & Explanation:
The provisions regarding impact assessment given in rule 8(3)(a), (b) and (c) of Companies (Corporate Social Responsibility Policy) Rules are to be read together and harmoniously and therefore, if impact assessment is done voluntarily, the cost of the same will not qualify towards CSR expenditure.
Topics: Corporate Social Responsibility (CSR)
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