Analyze whether the under given expenditure qualifies for CSR expenses: Donations to IIM [A] for conservation of buildings and renovation of classrooms.
CS Professional · CSR and Social Governance · PYQS · June 2024
Analyze whether the under given expenditure qualifies for CSR expenses: Donations to IIM [A] for conservation of buildings and renovation of classrooms.
Answer & Explanation:
Donations to IIM [A] for conservation of buildings and renovation of classrooms relates to CSR activities under Schedule VII as "promoting education" and hence eligible for compliance of companies with Corporate Social Responsibility.
Topics: Corporate Social Responsibility (CSR)
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