CSR-1-WHOM TO FILE, WHEN TO FILE AND HOW TO FILE

CSR-1 Filing

As you all are well aware following forms of organization are allowed only to carry Non-charitable activity in India

Whom to File CSR-1

1.A company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80 G of the Income Tax Act, 1961 (43 of 1961), established by the company, either singly or along with any other company, or

2. A company established under section 8 of the Act or a registered trust or a registered society, established by the Central Government or State Government; or

3. Any entity established under an Act of Parliament or a State legislature;

4. A company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80G of the Income Tax Act, 1961, and having an established track record of at least three years in undertaking similar activities.

So these entity mentioned above whether trust, society and Section 8 Company are need to file the CSR-1 form to get the CSR funding from any other organization.

When to file CSR-1

Every entity, covered above, who intends to undertake any CSR activity, shall file the CSR-1 form first begging from 1st April 2021 electronically with before receiving any CSR fund from other after 1st April 2021

However the same shall not affect the CSR projects or programmes approved prior to the 01st day of April 2021.

How to file CSR-1

Form CSR-1 need to fill with the requisite detail like :- Type of Organization, How long you are carrying on the same activity-Whether Three years Complete or not, verified from the E-mail id and Phone NO. OTP ,Details of Director, authorized person and shall be verified digitally by a Chartered Accountant in practice or a Company Secretary in practice or a Cost Accountant in practice.

Attachments documents Required as follows:-

1. Certificate of Registration of Entity.
2. Pan card of Entity.

On the submission of the Form CSR-1 on the portal, a unique CSR Registration Number shall be generated by the system automatically.

A company may engage international organisations for designing, monitoring and evaluation of the CSR projects or programmes as per its CSR policy as well as for capacity building of their own personnel for CSR.

This article is for the purpose of information and shall not be treated as solicitation in any manner and for any other purpose whatsoever. It shall not be used as legal opinion and not to be used for rendering any professional advice. This article is written on the basis of author’s person experience and provision applicable as on date of writing of this article. Adequate attention has been given to avoid any clerical/arithmetical error, however; if it still persists kindly intimate us to avoid such error for the benefits of others readers.

The Author can be reached at mail –sanjeev@semantictaxgen.in  and Mobile/Whatsapp – 9654831210.