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CSR activity

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84 Points Joined October 2017
Company who is required to spend for CSR activity during the current year is required to make a provision.
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On 16 October 2018 at 06:57 Report
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taxation manager
648 Points Joined January 2009
CSR should be actually incurred during the year
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On 16 October 2018 at 07:54
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Articled assistant
663 Points Joined November 2015
if you cannot spend set aside such amount and disclose in financials accordingly.Since you earmarked specifically there is no non compliance
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On 16 October 2018 at 08:05
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84 Points Joined October 2017
Simple say whether provision is required or not in year when company first time eligible for csr
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On 16 October 2018 at 08:25
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CA - Final
1367 Points Joined September 2009
No provision is required. A simple disclosure is enough
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On 16 October 2018 at 09:31
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Articled assistant
663 Points Joined November 2015
if a company fails to spend the required amount it has to disclose in boards report as per sec 134 .There is no requirement to create provision .I. suggested like that earlier ..if u have an intention to spend otherwise not required
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On 16 October 2018 at 10:04

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