Corporate Social Responsibility (CSR) – 2% of average profit stand mandatorily and statutorily diverted at source and is not profit or income of the company

Corporate Social Responsibility (CSR) – 2% of average profit stand mandatorily and statutorily diverted at source and is not profit or income of the company – a point of view https://www.taxtmi.com/article/detailed?id=8215 CSR under the Companies Act, 2013 creates a mandatory statutory diversion of a prescribed portion of average net profits at source so that the earmarked amount is not income of the company but is held for specified CSR spending; inconsistent corporate provisions are void and reporting of unspent amounts is required in the directors' report. en-us Tue, 23 Oct 2018 11:17:08 +0530 Tue, 23 Oct 2018 11:17:08 +0530 TaxTMI RSS Generator Corporate Social Responsibility (CSR) – 2% of average profit stand mandatorily and statutorily diverted at source and is not profit or income of the company – a point of view https://www.taxtmi.com/article/detailed?id=8215 CSR under the Companies Act, 2013 creates a mandatory statutory diversion of a prescribed portion of average net profits at source so that the earmarked amount is not income of the company but is held for specified CSR spending; inconsistent corporate provisions are void and reporting of unspent amounts is required in the directors' report. Articles Corporate Laws / IBC / SEBI Tue, 23 Oct 2018 11:17:08 +0530 https://www.taxtmi.com/article/detailed?id=8215