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csr applicability

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16 Points Posted on 09 June 2018
Dear Sir/Madam,
please whether csr will be applicable on the given case or not?
Profit before extraordinary items = 6 Cr.
profit before tax = 4 Cr.
Profit after tax = 2.6 Cr.
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On 09 June 2018 at 14:46 Report
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2539 Points Posted on 09 June 2018
No, CSR is not applicable.
To attract the prov of sec 135 of CA 2013 apart from other two conditions of Net worth or Turnover
the net profit should be Rs. 5 cr or more. hence in your case CSR is not applicable
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On 09 June 2018 at 16:21
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16 Points Posted on 09 June 2018
whether for the applicability of csr provisions, here 'net profit' means profit before tax or profit after tax? or we should calculate the net profit as per sec 198 (for applicability)?
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On 09 June 2018 at 17:02
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2539 Points Posted on 09 June 2018
Yes, you need to calculate the anount of profit as per sec 198
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On 09 June 2018 at 17:24
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16 Points Posted on 09 June 2018
Thanks vaishali ji.
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On 09 June 2018 at 17:27
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179 Points Posted on 11 June 2018
companies shall establish a CRS committee if they satisfies any of the following conditions

1) turnover exceeds 1000 CR

2) Net worth exceeds 500 CR

3) net profit exceeds 5 CR ( calculated as per sec 198)
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On 11 June 2018 at 10:37


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