Companies to furnish report on Corporate Social Responsibility from FY 2020-21 onwards

Companies to furnish report on Corporate Social Responsibility from FY 2020-21 onwards. Companies (Accounts) Amendment Rules 2022

The MAC has notified the Companies (Accounts) Amendment Rules, 2022 by amending the Companies (Accounts) Rules, 2014.

It has been provided that every company covered under Corporate Social Responsibility (CSR) under the provisions of sub-section (1) to section 135 shall furnish a report on Corporate Social Responsibility to ROC.

The CSR report shall be furnished in Form CSR-2 to the Registrar for the preceding financial year 2020-2021 and onwards as an addendum to Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.

It has been clarified that for the preceding financial year 2020-2021, Form CSR-2 shall be filed separately on or before 31st March 2022, after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.

Download Notification Click Here >>

• Penalty u/s 271B for unfilled column 40 in Tax Audit Report Form 3CD deleted by ITAT
• Merely ex-parte rectifying computation without amending assessment order not make it nullity- ITAT
• Once assessee discharges primary onus, it shifts to AO to bring evidence to contrary – ITAT
• Cost Inflation Index for FY/Tax Year 2026-27 notified by CBDT. See Up-to-date Table of CII
• Power of CIT(A) u/s 251(1)(a) to remand case can be exercised only in best judgment assessment