If a company has turnover above 5cr. in the initial year of incorporation.
can u please suggest whether CSR is applicable or not?
regards
harshit sharma.
Menu
Corporate Social Responsibility
Replies (6)
As per section 135,csr is applicable on companies having t.o above 1000crore as on the last date of latest audited fs......however it can contribute voluntarily
sorry i mean if netprofit is above 5cr.
then csr is applicable or not?
then csr is applicable or not?
Yes then thr company have to form csr committee and also contribute atleast 2% of np
Alternatively company can also skip this year and contribute next year.......there r certain litigations on this
can you please send me link of those litigations?
No case as such.......but mostly companies that I had seen r contributing from the year of incorporation if they think they r eligible
Recent Threads
- Ca final may 2026 exam
- Shop and Establishment Registration with AGILE Pro
- Deduction 80C, 80D, 80TTA under old regime under b
- Quick Survey: GSTR-2B Reconciliation Pain Points f
- Belated ITR 3 + 10IEA
- ITC related queries
- GSTR- 9 query to rcm
- Calculation of Borrowing Cost as per AS 16
- GSTR 9C
- Presumptive tax 44ADA
Related Threads
CAclubindia
