A private limited company incurred loss in f.y. ending 2014. but had profits in earlier 2 years.
whether CSR provisions, will apply to such a company? the requirement of net profit of 5 crores applies for which financial year? 2014 or 2015?
Menu
Csr applicability
Replies (3)
Corporate Social Responsibility rules are applicable from 01/04/2014. Hence profit for past 3 years will be considered.
Agree with Rahul....if in either of the previous three years, the Company falls into the criteria of CSr, it has to comply with the same....
Completely Agree with Vandana Ma'am and Mr. Chilal. FY Ending 2014 will be considered.
Recent Topic
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
Related Topics
CAclubindia
