The Finance Bill, 2024 of the Government of India when enacted will bring in a number of provisions and changes which will have an impact on the concept and practice of CSR in the country. The essay will throw light on the nuances and its impact on companies and society at large. It is a fact that for the past several years, companies in India have been focusing on giving back to the society by contributing towards social development, innovations and sustainability in addition to their basic profits making agenda. This has been aided by the growing awareness of CSR. Understanding CSR in India Corporate social responsibility (CSR) refers to the actions taken by companies to enhance the environment and society in which they operate. In India, the Companies Act of 2013 made it mandatory for certain companies to have corporate social responsibility (csr). According to Section 135 of the Act, if a business has a net worth of INR 500 crores or more; a turnover of INR 1,000 crores or above; o...
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