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
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CSR contribution
Replies (5)
Quick Summary
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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