Csr

This query is : Resolved

Share Report Follow Query Ask a Query

Rajkumar Gutti

Rajkumar Gutti (Querist)
Follow

09 September 2019 IS CSR EXP. IS ALLOWED AS EXPENDITURE.

IN WHICH A/C CSR EXP. DEBITED TO PROFIT AND LOSS A/C

Gokul Sharma

Gokul Sharma (Expert)
Follow

10 September 2019 yes it is allowable expenditure... u can book in other exp sub head csr activities expendituee

CS VENKATARAMANAN S

CS VENKATARAMANAN S (Expert)
Follow

14 September 2019 Yes.

In cases, where an expenditure incurred on any of the activities mentioned in Schedule VII, is of revenue nature, the same should be charged as an expense to the statement of profit and loss.

In case the expenditure incurred by the company is of such nature which may give rise to an ‘asset’, the company needs to analyze whether the expenditure qualifies the definition of the term ‘asset’ as per the Framework i.e. whether it has control over the asset and derives future economic benefits from it.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Srikanthan S

Jayanti Visani

Vishal Dave

Ahamed Kabeer

svgovindaraju

Subscribe Now

Csr

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA