Csr as per comapnies act,2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 February 2015
hi,
I wanted to know profit after income tax or before income tax should be considered for 5 crores net profit condition.
we should form any trust for routing expenses towards csr or ompany can directly do the expenditure.
I wanted to know profit after income tax or before income tax should be considered for 5 crores net profit condition.
we should form any trust for routing expenses towards csr or ompany can directly do the expenditure.
27 February 2015
Net Profit’ means net profit before tax as per books of accounts, computed as per section 198 of the Companies Act, 2013 and shall not include profits arising from branches outside India
Option has been given to the companies to undertake its CSR activities/projects/programs either with the Company or through a registered trust
or society or company or its group company
Option has been given to the companies to undertake its CSR activities/projects/programs either with the Company or through a registered trust
or society or company or its group company
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 February 2015
for calculating 2 % average profit for last 3 years we have to recalculate as per sec 198?????
27 February 2015
No.
net profit in respect of a financial year for which the relevant financial statements were prepared in accordance with the provisions of the Companies Act, 1956, (1 of 1956) shall not be required to be re-calculated in accordance with the provisions of the Act
net profit in respect of a financial year for which the relevant financial statements were prepared in accordance with the provisions of the Companies Act, 1956, (1 of 1956) shall not be required to be re-calculated in accordance with the provisions of the Act
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