Calculation of net profit for csr
This query is : Resolved
24 June 2015
Can anybody tell me how to calculate the Net profit to CSR Purpose?
Pls reply as soon as possible
I'll be great full
Pls reply as soon as possible
I'll be great full
24 June 2015
Simply take net profit of last 3 years and calculate average.
Note: As per First proviso of Rule 2(f) of the CSR Rules, net profit is not required to be adjusted in terms of Sec 198 of CA’ 2013.
First proviso of Rule 2(f) of the CSR Rules: “Provided that net profit in respect of a financial year for which the relevant financial statements were prepared in accordance with the provisions of CA 1956, shall not be required to be re-calculated in accordance with the provisions of CA 2013.”
Thanks
Note: As per First proviso of Rule 2(f) of the CSR Rules, net profit is not required to be adjusted in terms of Sec 198 of CA’ 2013.
First proviso of Rule 2(f) of the CSR Rules: “Provided that net profit in respect of a financial year for which the relevant financial statements were prepared in accordance with the provisions of CA 1956, shall not be required to be re-calculated in accordance with the provisions of CA 2013.”
Thanks
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24 June 2015
Thank you so Much Sir !
24 June 2015
You are always welcome and keep sharing your doubts.
Regards
Regards
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24 June 2015
Sure Sir ! Sir i jus want to confirm that i have take Net profit after tax as per Profit & loss account for their respective year (2011-12, 2012-13, 2013-14) to calculate the Net profit for last three year.
24 June 2015
CSR is applicable from FY 2014-15. For the purpose of First CSR reporting the Net Profit shall mean average of the annual net profit of the preceding three financial year i.e FY 2013-14, FY 2012-13 & FY 2011-12
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