So now now that you mentioned nausea you
 know that it is companies earlier it was
 complied or explained now it`s comply or
 pay penalty right so on these lines what
 do you think are the key factors that
 companies should keep in mind while
 framing their csr strategy
 well first let me get into that because
 you know i think only legally so now
 companies
 first make sure that whosoever you are
 dealing with is registered as a trust
 society or a comp make sure they both
 have to have an atg and which is now
 also renewed please understand and uh
 12-way and atg is now given only for a
 period of five years
 some ngos are managed to get their
 renewal under maybe
 some are still not of course there is
 still august so it is quite valid there
 is even a probability that the new date
 may be extended but please i i don`t
 speak on behalf of the income tax
 because the income tax bottle was
 supposed to come out with a seamless new
 portal on first of june and for those 50
 days after this launch it currently went
 haywire and it still has glitches which
 has have not mixed so
 uh that`s going to be another thing if
 there is no further extension after 30th
 of august which is at the end of this
 month
 companies are going to be very very
 about giving funds to such institutions
 ensure that the ngo has track record of
 three years of service and that they are
 registered under csr1 look at part past
 performance
 i`ve also noticed that a lot of
 companies
 do not give
 grants to ngos they had a works contract
 with them
 and charge them
 uh
 for tds
 at the rate of 10 because they think
 they are providing a professional
 service and therefore tds must be
 deducted and then 194g they also insist
 that the ngo should have gst and they
 are quite happy and willing to pay gst
 because of course they would get a tax
 credit anyway for it but this is not the
 way to go
 csr must be given as a grant the grant
 is in the nature of a gift please avoid
 works contract i mean videos they exist
 for
 purpose so
 uh that`s an important point i wish to
 tell company about
 more importantly give money to ngos now
 in tranches i mean and the worst thing
 that i see companies doing
 offloading in the february and march and
 then expecting the ngo to say okay i
 mean how did you use my one crore of
 rupees after offloading it in the month
 of february and march at the end of the
 financial year i think not a good idea
 doing all that
 so i i thought then again i know i`m
 coming from an ngo perspective over here
 i mean
 uh
 there is a lot of suffering that i see
 out there and uh there is a little bit
 of a disconnect which uh hopefully
 seminars like these webinars like this
 will help to bridge
 so i`ll stop you on this channel
 yes thank you thank you for sharing your
 thoughts nausea and i completely agree
 with the point that you make that you
 know though ngos are receiving funding
 it`s usually towards uh your early part
 of q4 wherein companies suddenly realize
 that they and they have an unspent csr
 uh budget so in effect yes you know they
 are going to do it you might as well
 have better planning surrounding it
 [Music]
 so now now that you mentioned nausea you
 know that it is companies earlier it was
 complied or explained now it`s comply or
 pay penalty right so on these lines what
 do you think are the key factors that
 companies should keep in mind while
 framing their csr strategy
 well first let me get into that because
 you know i think only legally so now
 companies
 first make sure that whosoever you are
 dealing with is registered as a trust
 society or a comp make sure they both
 have to have an atg and which is now
 also renewed please understand and uh
 12-way and atg is now given only for a
 period of five years
 some ngos are managed to get their
 renewal under maybe
 some are still not of course there is
 still august so it is quite valid there
 is even a probability that the new date
 may be extended but please i i don`t
 speak on behalf of the income tax
 because the income tax bottle was
 supposed to come out with a seamless new
 portal on first of june and for those 50
 days after this launch it currently went
 haywire and it still has glitches which
 has have not mixed so
 uh that`s going to be another thing if
 there is no further extension after 30th
 of august which is at the end of this
 month
 companies are going to be very very
 about giving funds to such institutions
 ensure that the ngo has track record of
 three years of service and that they are
 registered under csr1 look at part past
 performance
 i`ve also noticed that a lot of
 companies
 do not give
 grants to ngos they had a works contract
 with them
 and charge them
 uh
 for tds
 at the rate of 10 because they think
 they are providing a professional
 service and therefore tds must be
 deducted and then 194g they also insist
 that the ngo should have gst and they
 are quite happy and willing to pay gst
 because of course they would get a tax
 credit anyway for it but this is not the
 way to go
 csr must be given as a grant the grant
 is in the nature of a gift please avoid
 works contract i mean videos they exist
 for
 purpose so
 uh that`s an important point i wish to
 tell company about
 more importantly give money to ngos now
 in tranches i mean and the worst thing
 that i see companies doing
 offloading in the february and march and
 then expecting the ngo to say okay i
 mean how did you use my one crore of
 rupees after offloading it in the month
 of february and march at the end of the
 financial year i think not a good idea
 doing all that
 so i i thought then again i know i`m
 coming from an ngo perspective over here
 i mean
 uh
 there is a lot of suffering that i see
 out there and uh there is a little bit
 of a disconnect which uh hopefully
 seminars like these webinars like this
 will help to bridge
 so i`ll stop you on this channel
 yes thank you thank you for sharing your
 thoughts nausea and i completely agree
 with the point that you make that you
 know though ngos are receiving funding
 it`s usually towards uh your early part
 of q4 wherein companies suddenly realize
 that they and they have an unspent csr
 uh budget so in effect yes you know they
 are going to do it you might as well
 have better planning surrounding it