Dear sir,
As per section 135 of companies act 2013, for me CSR is applicable from 2018-19 till 2020-21 but I did not spent amount during 2018-19, 2019-20 and 2020-21. Now I am willing to spent total amount of Rs.20 lakhs now 23rd March 2022 whether I can show it as an expense in 2021-22 financials.
Menu
Corporate social responsibility (CSR) amount spent during current year
Replies (1)
You cannot treat past unspent CSR funds as a standard expense in your current financial statements. Doing so would be legally incorrect. Because the deadlines for the 2018–2021 periods have passed, you are likely in default; please consult a professional immediately to address the compliance gap and avoid potential penalties under Section 135(7).
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
