Csr

Priya (CS) (33 Points)

28 March 2015  
My queries pertains to CSR contribution that the Company needs to do for the current financial year (2% of the avg net profits - last 3 yrs).
 
i) For the current financial year - by when should the amount be contributed?
ii) Can this contribution be done to a newly incorporated Section 8 Company or the amount should be contributed to only a NGO which has minimum 3 years standing.
 
Request learned members help