Analyze whether the under given expenditure qualifies for CSR expenses: Payment of ex-gratia to temporary/casual/daily wage workers.
CS Professional · CSR and Social Governance · PYQS · June 2024
Analyze whether the under given expenditure qualifies for CSR expenses: Payment of ex-gratia to temporary/casual/daily wage workers.
Answer & Explanation:
If any ex-gratia payment is made to temporary/casual workers/ daily wage workers over and above the disbursement of wages, specifically for the purpose of fighting COVID 19, the same shall be admissible towards CSR expenditure as a one-time exception provided there is an explicit declaration to that effect by the Board of the company, which is duly certified by the statutory auditor.
Topics: Corporate Social Responsibility (CSR)
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