Any provision in companies act, once CSR provision applicable to any company they have to continue for 3 years irrespective turnover falls below Rs 5cr during any FY?
02 September 2021
Companies are expected to spend 2% of the average profit of the last 3 years – hence, even for two consecutive years if the company has been in loss, but on an average, the company has been in profit since the last 3 years, then the company would be required to spend 2% of the average profit on the stipulated CSR ...
02 September 2021
Thanks... request for small confirmation also for better clarity. PBT 17-18 - Rs 3.5 Cr 18-19 - Rs 7 Cr 19-20 - Rs 23 lakhs Avg for three years is Rs 3.57 cr. For FY 20-21 CSR is applicable based on this average and profitability of 19-20 alone?
CAclubindia
