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Corporate social responsibility

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03 March 2014 Is Csr applicable from 2014-15? If it is applicable, will Co be paying the amount from 13-14 profit to start the process for coming year??
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
04 March 2014 CSR is applicable from 1/4/14 (FY 2014-15). Accordingly the company has to spend money during the FY 14-15.

The amount to be expended should be 3% of the average profits of FY 11-12, 12-13 & 13-14.
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