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IT Assesment of CSR Spending

News and Press Release - Dated:- 10-5-2016 - Section 135 (1) of the Companies Act, 2013 mandates every company with a turnover of ₹ 1000 crores or more; or a networth of ₹ 500 crores or more; or a net profit of ₹ 5 crore or more to spend at least two per cent of their average net profits earned during three immediately preceding financial years on CSR activities. No such issue has come to the notice of this Ministry where profit making companies are not spending under CSR head .....

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