Will CSR. applicable??

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CS
28 Points Posted on 09 October 2021
Company has NIL Revenue from operation but generated profit from Exceptional item this year and Net profit exceeds Rs 5 Cr, so provisions of CSR would be applicable to this company.
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On 09 October 2021 at 22:03 Report
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Quick Summary
This discussion clarifies whether Corporate Social Responsibility (CSR) provisions apply to a company with no revenue from operations but a net profit exceeding Rs 5 Cr due to exceptional items. The consensus is that CSR will indeed be applicable in such a scenario.

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Chartered Accountant
149 Points Posted on 09 October 2021
Yes, CSR will be applicable
1 Reply
On 09 October 2021 at 23:17
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Chartered Accountant
24588 Points Posted on 10 October 2021
Yes csr is applicable
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On 10 October 2021 at 06:08

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