Fixed assets for csr purpose (under ind as)

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CA Anil Sah (Querist)
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09 February 2017 A Public Limited company spent expenditure on CSR under – “Ensuring Environmental Sustainability” and procures plant & machinery for Waste Paper re cycling unit and use the same.
Under IND AS, how the accounting is done for the same, the useful life of the plant in more than one reporting period. Is it comes under Fixed Assets (According to IND AS) or charge to Profit & Loss Account for that period ?

vaibhav singhi

vaibhav singhi (Expert)
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09 February 2017 AS per Guidance Note on CSR of ICAI it should be charged entirely to profit loss account

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Fixed assets for csr purpose (under ind as)

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