Analyze whether the under given expenditure qualifies for CSR expenses: Contribution made to 'PM CARES Fund'.
CS Professional · CSR and Social Governance · PYQS · June 2024
Analyze whether the under given expenditure qualifies for CSR expenses: Contribution made to 'PM CARES Fund'.
Answer & Explanation:
Contribution made to 'PM CARES Fund' shall qualify as CSR expenditure under item no of Schedule VII of the Companies Act, 2013 and it has been further clarified vide Office memorandum F. No. CSR-05/1/2020-CSR-MCA dated 28th March, 2020.
Topics: Corporate Social Responsibility (CSR)
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