The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. “Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021,” the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.

In 2019, which of the following Committees recommended that CSr expenditure should be made tax deductible expenditure?