ARAVIND PILLARI (5 Points)
28 October 2018
There are 2 places where "Net profit" is mentioned; dont get mixed up
First is the applicability..there are 3 limits...NW, Netprofit and turnover..the netprofit talked about here in applicability is the netprofit as per ur last financial statements...no relation to section 198
Then when u come under CSR bracket; u have to make contribution of 2% of Netprofit (before tax) as per section198
Now there is an article by EY which has a very comprehensive list of things u include and exclude for calculating NP as per 198...search it online or send me ur email
N. K. Aggarwal
(Company Secretary)
(72 Points)
Replied 01 November 2018
Better to consider PBT for past three years.
CA Devanshi Gandhi (Ajani)
(FCA DISA Mcom CIFRS & LLB)
(9060 Points)
Replied 13 November 2024
NET PROFIT FOR APPLICABILITY OF CSR IS NET PROFIT BEFOR TAX OR AFTER TAX?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5118 Points)
Replied 14 November 2024
1. Calculate the net profit before tax (PBT) for the financial year.
4. Calculate the average net profit for the preceding three financial years (if applicable).
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5118 Points)
Replied 14 November 2024
1. Calculate the net profit before tax (PBT) for the financial year.
4. Calculate the average net profit for the preceding three financial years (if applicable).
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