21 August 2021
If we are paying the csr liability during the FY 2021-22, CSR is calculating on average of 3 years profit. My querry is which 3 years I have to considerd, 18-19, 19-20 & 20-21 or 17-18, 18-19, & 19-20. Please reply
24 August 2021
CSR expenditure is 2% of average net profits during immediately preceding 3 years. So if such expenditure pertains to FY20-21, profits to be considered for FY19-20, FY18-19 and FY17-18 to arrive at the average value.
CAclubindia
