Corporate social responsibility
This query is : Open
11 April 2015
Dear Experts need ur advise on the folloqing,.
If a company's net profit crosses Rs 5 crore in F.y.14-15 then the provisions relating to CSR is applicable from F.Y.14-15 OR From F.y.15-16 and whether is it necessary to provide CSR exp of 2% in F.Y.14-15.
Thanks
11 April 2015
https://taxguru.in/company-law/corporate-social-responsibility-companies-act-2013-2.html
13 April 2015
THANKS CA ANKIT,THE PROVISION IS APPLICABLE FROM 1/4/14 BUT IF MY PROFIT FOR F.Y.14-15 CROSSES RS 5CR THEN I NEED TO COMPLY IT FROM F.Y.15-16, OR I HAVE TO PROVIDE FOR CSR EXP FOR F.Y.14-15
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