Calculation of csr provision

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sagar

sagar (Querist)
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18 March 2016 How to calculate CSR ? in simpal manner. sec198 of company act 2013 format was so confusing .

RICHA KUMAR

RICHA KUMAR (Expert)
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19 March 2016

Particulars* Amount
Profits as per Profit & Loss Account XXX
Credit to be provided for:
Bounties and subsidies received from Government XXX
Credit not to be provided for:
Premium/ Profit on sale of shares
Profits of Capital Nature – including profits on sale of undertakings
Profits from sale of immovable property/ fixed assets – unless undertaken
Permissible Deductions:
Usual Working Charges- revenue expenditures, bonus or commission Abnormal or Special Tax
Interest on debentures, loans or advances
Compensations/ damages in virtue of legal liability, bad debts written off… (XXX)
(XXX)
(XXX)
(XXX)
Non- permissible deductions:
Income tax paid under Income Tax Act, 1961 Loss of Capital Nature
Compensations/ Damages paid voluntarily
Profits as per Section 198 XXX

sagar

sagar (Querist)
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19 March 2016 Thank you richa but it is same as sec198 format is there is any other way to compute in simple manner.

sagar

sagar (Querist)
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19 March 2016 Thank you so much Richa for your kind information

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