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Abstract
Corporate social responsibility (CSR) is emerging as a new field in the management research. Corporate social responsibility (CSR) is gaining more and more importance day by day. Maximum organizations are showing their commitments towards CSR either for enhancing their corporate image or to be in competition. In India, many firms have taken the initiatives of CSR practices which have met with varying needs of the society. The term CSR means that continuing commitment by businesses to behave ethically and contribute to economic development of a country, along with improving the quality of life. Over the last few years an increasing number of companies worldwide started promoting their business through Corporate Social Responsibility strategies because the customers, the public and the investors expect them to act sustainable as well as responsible development. In India, Companies Act 2013 brought an end to the long run discussion on CSR practices by the corporate. The journey of CSR as a corporate responsibility has two broad perspectives, pre Companies Act 2013 and post Companies Act 2013. CSR policy is still in a nascent stage and hence faces number of challenges. The recent Union Budget 2015 clarified that any expenditure on the Swatch Bharat Abhiyan is to be claimed as deduction u/s 80 G and not under CSR. Thus, Indian law on CSR still awaits clarification on many areas wherein claiming deduction u/s 80, exemptions from tax and treating it as CSR all are in existence. This research paper is based on finding of the issues and challenges faced by CSR activities in India.