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CSR contribution

992 views 5 replies
From the following information in respect of BMR Consultants Pvt. Ltd., compute
the amount company is required to contribute on account of CSR:
Financial Year Net Profit (in
Lacs)
2015-16 15
2016-17 50
2017-18 70
(a) Nil. If in any of the three financial years company has incurred losses, then
company is not required to spend amount towards CSR but explain the reason
for not spending the amount.
(b) Rs. 2.4 Lacs
(c) Rs. 80,000/-
(d) Rs. 2.1 Lacs
Replies (5)

minimum contribution is 2% of average net profits of last 3 preceding years 

maximum : any amount 

carry forward is not allowed if contributed excess over 2 % 

CSR expenditure must be in India 

 

Ans : 2.7 lacs 

How you get 2.7 lacs ? amount in lacs (15+50+70/3)=45 & 45*2%=0.9

ya sorry it is 0.9 

It is question of MTP march 19 & 0.9 lacs not given is option so that i asked questions. thank you
Nil because net profit should be 5cr or more in previous year but profits are in lacs.


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