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Corporate social responcibility

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(Querist)
26 September 2018 In the event company having losses consecutively for earlier financial years, and in current financial year company is having profit. weather provisions to contribute 2% of average net profit for last 3 financial year is applicable ??????
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
04 October 2018 Yes. However companies would not be required to spend on CSR if the average profit of the last 3 year is negative
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