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CSR CLARIFICATION

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(Querist)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 September 2021 Yes, the calculation and understanding is right. Loss of cosequtive 3 years required for not to do any CSR.
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Shankar T S

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Shankar T S (Querist)
17 September 2021 Thank you sir for your clarification
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