CSR CLARIFICATION
This query is : Resolved
Quick Summary
16 September 2021
Our unit had a loss in 19-20 but profit in 17-18 and 18-19. So for CSR if we calculate based on average profit of 3 years there is profit and 2% of that amt was arrived at for CSR spend in 20-21.
Is the calculation and understanding correct . Kindly advise if in the immediately preceding financial year if there is a loss then should we decide not to do any CSR
Is the calculation and understanding correct . Kindly advise if in the immediately preceding financial year if there is a loss then should we decide not to do any CSR
16 September 2021
Yes, the calculation and understanding is right. Loss of cosequtive 3 years required for not to do any CSR.
17 September 2021
Thank you sir for your clarification
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- GST not cancelled by tenant
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Invertaded duty struture
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
