24 June 2015
Simply take net profit of last 3 years and calculate average.
Note: As per First proviso of Rule 2(f) of the CSR Rules, net profit is not required to be adjusted in terms of Sec 198 of CA’ 2013.
First proviso of Rule 2(f) of the CSR Rules: “Provided that net profit in respect of a financial year for which the relevant financial statements were prepared in accordance with the provisions of CA 1956, shall not be required to be re-calculated in accordance with the provisions of CA 2013.”
24 June 2015
Sure Sir ! Sir i jus want to confirm that i have take Net profit after tax as per Profit & loss account for their respective year (2011-12, 2012-13, 2013-14) to calculate the Net profit for last three year.
24 June 2015
CSR is applicable from FY 2014-15. For the purpose of First CSR reporting the Net Profit shall mean average of the annual net profit of the preceding three financial year i.e FY 2013-14, FY 2012-13 & FY 2011-12
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