EASYOFFICE
EASYOFFICE

CSR average 3 years net profit calculation if loss in any one previous 3 years.

This query is : Resolved 

23 February 2022 AY 21-22 : +10.6 Cr (profit); AY 20-21 : (-)1.2 Cr (loss); AY 19-20 : (-)1.3 Cr. (loss). Net profit calculation done as per norms. Clarification needed whether the loss to be included in calculating average 3 years net profit and then 2% on net result for CSR to be paid?

23 February 2022 Yes, loss to be included.
Hence, even for two consecutive years if the company has been in loss, but on an average, the company has been in profit over the last three years, then the company would be required to spend 2 % of the average net profit on CSR.



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries