Accounting for CSR Expenditures : ICAI releases revised edition 2025 of technical guide
Contents
- Introduction 1
- Objective and Scope 1
- Definitions 2
- Recognition and Measurement of CSR Expenditure in Financial Statements 4
(a) Expenditure in Cash
(i) Whether Provision for Unspent Amount required to be created?
(ii) Whether the Excess Amount spent is allowed to be carried forward to next year 5
(b) Expenditure made in Kind 6
(c) Surplus from CSR Activities 7
(d) Other Considerations in Recognition and Measurement 7
(e) Recognition of Income Earned from CSR Projects/Programmes or During the Course of Conduct of CSR Activities 9
5. Presentation and Disclosure in Financial Statements 10
6. Summary of Recognition and Measurement of CSR Spent 14
Appendices
Appendix 1: Section 135 of the Companies Act, 2013 – Corporate Social Responsibility 18
Appendix 2: Section 198 of the Companies Act, 2013 – Calculation of Profits 21
Appendix 3: Schedule VII to the Companies Act, 2013 24
Appendix 4: Rules for CSR under Section 135 of Chapter IX 26
Appendix 5: Clarification on contribution to PM CARES Fund as eligible CSR activity under item no. (viii) of the Schedule VII 34