No proposal to mandate Corporates to set aside 30% of their CSR spending for Swachh Bharat Cess-MCA
Ministry of Corporate Affairs-Press Release dated 03/05/2016
As per Union Budget 2016-2017, the estimated amount to be collected from Swachh Bharat Cess during the year 2016-17 is 10,000 crores. However, there is no proposal of the Government to mandate Corporates to set aside 30% of their CSR spend for Swachh Bharat under consideration of this Ministry.
Information relating to CSR expenditure on various developmental work incurred by 460 listed companies, which have placed annual returns on CSR for the year 2014-15 on their website, is given below:
| Sl. No | Subjects in Schedule VII | CSR Expenditure (in Rs. Crore) |
| 1 | Eradicating Hunger, Poverty & Health Care | 1421.66 |
| 2 | Education/ Vocational skills / livelihood enhancement | 1462.6 |
| 3 | Women / Old Age / Children | 219.27 |
| 4 | Environment sustainability | 1188.69 |
| 5 | Art & Culture | 539.83 |
| 6 | Sports promotion | 454.91 |
| 7 | PMNRF etc. | 125.32 |
| 8 | Rural Development | 724.32 |
| 9 | Slum Development | 114.14 |
| 10 | Swatch Bharat Kosh | 42.64 |
| 11 | Clean Ganga Fund | 15.49 |
| 12 | Others | 28.5 |
| Grand Total | 6337.36 |
This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.
ITAT dismisses claim of Leave Encashment exemption u/s 10(10AA)(ii) beyond Rs. 3 lakhs In a recent judgment, ITAT Ahmedabad has…
Assessing Officer had taken a reasonable stand that 25 kg written in WhatsApp chat/text message was 25 lakh - ITAT…
Shareholders are only owners of the shares of the company therefore, income from properties earned by the company cannot be…
When approval for reassessment was granted by unauthorised authority, such jurisdictional error cannot be shielded by the law of limitation…
ITAT on presumption of bogus purchases ought to have remanded case to AO to reconsider the whole matter instead of…
Where proceedings u/s 153C are barred by limitation, AO can not reopen the case invoking section 148 and 148A of…