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CSR Computation

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20 February 2021 A Ltd, not being a Company engaged in trading of share, has sold a part of its equity investment in its subsidiary, B Ltd. and thus earned a profit of Rs. 10,000 crores. This investment being a Long Term Investment, A Ltd paid LTCG Tax on the profit so earned. Now, while computing average 3-years Profit for computation of CSR expenses, will A Ltd consider this LTCG as an element of profit u/s 198 of the Companies Act, 2013 ?
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CA PARTH SHAH

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CA PARTH SHAH (Expert)
22 February 2021 Yes. The LTCG will be considered as part of profit u/s 198 of the Companies Act 2013.
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