Caterpillar India Engineering Solutions Accounting Associate 2 Interview Questions and Answers

CSR as per Companies Act, GST, and Income Tax Act involves mandatory spending on social initiatives by companies.

• Companies Act mandates certain companies to spend a portion of their profits on Corporate Social Responsibility (CSR) activities.

• GST does not have specific provisions related to CSR.

• Income Tax Act allows companies to claim tax benefits for the amount spent on CSR activities.

• CSR activities can include initiat...read more