POT Plant one Tree – Mission Green India

under this we have developed 3 SPV sec8 (earlier sec25) companies and had done plantation activity with IMS3.0 (infrastructure monitoring system) and were able to implement 1lac+ fruit plantations

Akshara Library

Primarily own data bank sharing now becomes a free server for schools colleges and universities offering royalty-free digital books access to members

IKBS

Indian Kwality Business System is developed for encouraging small start-up entrepreneurs to assist their unlimited income generation & asset2 wealth creation resources. We offer free education through the iDS institute for direct sales. 7 organizations have availed these services for their team.

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CSR FAQ

Companies with a minimum net worth of Rs 500 crore, turnover of Rs 1,000 crore, or net profit of Rs 5 crore are required to spend at least 2 percent of their average profit for the previous three years on CSR activities every year.

What is the minimum turnover for CSR?
Section 135 of the Companies Act 2013 provides the threshold limit for applicability of the CSR to a Company: (a) net worth of the company to be Rs 500 crore or more; or (b) turnover of the company to be Rs 1000 crore or more; or (c) net profit of the company to be Rs 5 crore or more.

Is CSR voluntary or mandatory?
Indian corporations have never been more answerable for their social responsibility as they are now, ever since the government notified the new rules in January 2021 underlining the big theme that corporate social responsibility (CSR) is mandatory and a statutory obligation, making India the first country to have done

What are the conditions for the applicability of CSR?
Applicability of CSR

Section 135 of the Companies Act, 2013 is applicable to every company registered under the Act, and any other previous Companies Law, with a net worth of Rs 500 crore or more, or a turnover of over Rs 1,000 crore, or a net profit exceeding Rs 5 crore in any financial year.

When did CSR become mandatory?
April 1, 2014
On April 1, 2014, India became the first country to legally mandate corporate social responsibility. The rules in Section 135 of India’s Companies Act make it mandatory for companies of a certain turnover and profitability to spend 2% of their average net profit for the past three years on CSR.

Is 80G mandatory for CSR?
CSR expenditure is eligible for deduction under section 80G if conditions thereof are satisfied The Kolkata Bench of the Income-tax Appellate Tribunal has rendered its decision that, expenditure incurred towards Corporate Social Responsibility (CSR) under Companies Act, 2013, is eligible for deduction as per section 80G.

Is CSR applicable for 3 years?
Yes. If the company has not completed three financial years since its incorporation but satisfies any of the criteria mentioned in section 135(1), the CSR provisions include spending of at least two percent of the average net profits made during the immediately preceding financial year(s) are applicable.

For which companies CSR is mandatory?
Section 135(1) of the Act states that every company having the specified net worth, turnover, or net profits must establish a CSR committee. Thus, section 8 companies must also establish a CSR committee and comply with CSR provisions when it meets the specified net worth, turnover, or net profits

What are CSR rules in India?
The rules under Section 135 of the Companies Act, 2013 made it mandatory for companies with certain net worth, turnover, or profitability during the immediately preceding financial years, to spend two percent of their average net profit for the past three years on CSR

What is the meaning of ‘any financial year’ mentioned in Section 135 (1) of the Companies Act, 2013?
“Any Financial year” referred to under Sub- Section (1) of Section 135 of the Act read with Rule 3(2) of Companies CSR Rule, 2014 implies any of the three preceding financial years ( may refer to General Circular No. 21/2014, dated: 18.06.2014)