Companies Act

There is no proposal of the Govt. to mandate Corporates to set aside 30% of their CSR spending for Swachh Bharat Cess-MCA

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.

----------- Similar Posts: -----------
Share

Recent Posts

  • Income Tax

Addition u/s 40A(3) for cash payment to labourers for loading charges deleted

Addition u/s 40A(3) for cash payment to labour for loading charges deleted by ITAT In a recent judgment, the ITAT…

7 hours ago
  • Income Tax

Addition u/s 68 deleted as AO failed to find any discrepancy in details submitted

Addition u/s 68 deleted as AO failed to find any discrepancy in details of creditors submitted by the assessee In…

12 hours ago
  • Empanelment

Jharkhand Rajya Gramin Bank-Empanelment of retired officers as Concurrent auditors

Jharkhand Rajya Gramin Bank - Empanelment of retired officers of banks as Concurrent auditors on contract basis Jharkhand Rajya Gramin…

13 hours ago
  • Income Tax

Book Profit u/s 115JB can not be computed as per cash basis of accounting

Book Profit u/s 115JB to be computed as per Profit & Loss Account prepared under Schedule III of the Companies…

15 hours ago
  • Income Tax

Order not in conformity of Faceless Assessment Scheme if not est? – ITAT remands case

Order not in conformity of Faceless Assessment Scheme 2019 if not est? - ITAT remands the case in view of…

2 days ago
  • FCRA

Extension of the validity of FCRA registration certificates till 30.09.2024

Extension of the validity of FCRA registration certificates till 30.09.2024 Home Ministry has decided to extend the validity of FCRA…

2 days ago