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.
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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
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