Key points on indian CSR obligation

[Subhash Macha]

Key points on CSR obligation

 

-          Foreign branches in India, are also liable for  CSR spending. Working will be done, Based on turnover generated in India.

-          On any donation to NGO, provision to made as 2% fees to charity commissioner ( Maharashtra and Gujrat), order is awaited from retrospective date.

-          Employees engagement with CSR activities is advisable

-          CSR obligation is to be implemented within India Only.

-          23K+Rs CSR spending is awaited during 16-17 and plus pre years unspent amount

-          Manyforeign grants ensures atleast 40% administrative expenses and balance 60% to objective reach

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Subhash Macha

subhas...@gmail.com

Certified – CSR Consultant