What is accounted as 'CSR Expenditure' as per the CSR Rules?

As per the CSR Rules amendments, following points have been given for CSR expenditure related elaborations:

1. The Board shall ensure that the administrative overheads shall not exceed 5% of total CSR expenditure of the company for the FY.
2. Any surplus arising out of the CSR activities shall not form part of the business profit of a company and shall be ploughed back into the same project or shall be transferred to the Unspent CSR Account and spent in pursuance of CSR policy and an annual action plan of the company or transfer such surplus amount to a Fund specified in Schedule VII, within a period of 6 months of the expiry of the FY.
3. Where a company spends an amount more than the requirement, such excess amount to be set off against the requirement to spend up to immediate succeeding 3 FYs subject to prescribed conditions.
4. A company may spend a CSR amount for creation or acquisition of a capital asset, which shall be held by a specified class of companies.
5. Any capital asset created by a company prior to the commencement of the Amended Rules shall comply with the requirement of this rules within the period of 180 days maximum extended up to another 90 days