If a company has turnover above 5cr. in the initial year of incorporation.
can u please suggest whether CSR is applicable or not?
regards
harshit sharma.
6 Replies
Sahil Sood
(50 Points)
Replied 27 August 2018
As per section 135,csr is applicable on companies having t.o above 1000crore as on the last date of latest audited fs......however it can contribute voluntarily
Harshith Sharma
(9 Points)
Replied 27 August 2018
sorry i mean if netprofit is above 5cr.
then csr is applicable or not?
then csr is applicable or not?
Sahil Sood
(50 Points)
Replied 27 August 2018
Yes then thr company have to form csr committee and also contribute atleast 2% of np
Sahil Sood
(50 Points)
Replied 27 August 2018
Alternatively company can also skip this year and contribute next year.......there r certain litigations on this
Sahil Sood
(50 Points)
Replied 27 August 2018
No case as such.......but mostly companies that I had seen r contributing from the year of incorporation if they think they r eligible
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