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corporate social responsibilty

19 March 2019

if my profit excceds 5 crore any time preceeding three financial year but not ecxeed 5 crore last year and these year also so is it necessary to spend expenditure 9n csr activities.?

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7 Replies

Vijay Boliya (220 Points)
Replied 19 March 2019

For example your last year is 2018 - 19 and your preceeding 3 financial year 2018-19,2017-18,2016-17 so u r require to spen 2% of average profits of 3 financial year.

Your last year is included in 3 preceeding financial year.

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Priya Kashyap (Student) (7053 Points)
Replied 19 March 2019

last 3 preceding previous years seen

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Prathamesh chavan (17 Points)
Replied 19 March 2019

I know how much to spend .
but I want to know that is it necessary to spend these year as per my example?
e.g.
15-16 ~6cr profit
16-17~4cr profit
17-18~3 cr profit

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Vijay Boliya (220 Points)
Replied 20 March 2019

Prathamesh chavan (17 Points)
Replied 20 March 2019

can u explain me what's means cessation
(if any co. not triggering the. condition in last year still need to spend csr if triggers conditions in any of the three preceeding financial year

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Priya Kashyap (Student) (7053 Points)
Replied 20 March 2019

yes you're right here but in the case above have to spend in order

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