CSR calculation

[CS CMA Meena]

Dear Members,

Kindly confirm the calculation of CSR Expenditure for F.Y 2014-15 with reference to below figures -

PBT as mentioned in B.S-

2011-12 Rs 10.18 cr

2012-13- Rs 4.85 cr

2013-14- Rs 1.23 cr

Average Net profit - (10.18+4.85+1.23)/3*2/100

CSR expenditure -- 0.1084 cr

Thanks & Regards

D.Meena

[sujeet kumar]

CORRECT.......

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[CS CMA Meena]

Mr Sujeet,

As mentioned in CA that Average net profit as calculated under section 198 of the CA 2013.

Can u just show some lights on that.

[CS CMA Meena]

Sudhier Ji.... Kindly refer FAQ by ICSI.

Its PBT.

[sujeet kumar]

	Particulars	FY
	Net profit after tax*
Add :	Allowed Credits
1	Profit on sale of immovable property
	( Original Cost – WDV )
Less :	Credits Disallowed
1	Premium on shares or debentures
2	Profit on sale of forfeited shares
3	Profit on sale of immovable property
	(Sale Value of Immovable Property – Original Cost )
4	Surplus in P&L on measurement of asset or liability at fair value
Less :	Expenses Allowed
1	All the usual Working Charges
2	Director’s Remuneration
3	Bonus or Commission paid to Staff
4	Tax on escess or abnormal profits
5	Tax on business profits imposed for special reasons
6	Interest on Debentures
7	Interest on Loans
8	Expenses on repairs ( other than Capital Expenditure )
9	Contributions made under section 181 ( Bonafide Charitable Trusts )
10	Depreciation
11	Prior period items
12	Legal liability for compensation or damages
13	Insurance Expenses
Add :	Expenses Disallowed
1	Income Tax
2	Compensations, damages or payments made voluntarily
3	Capital Loss on sale of undertaking or part thereof ( Not include losses on sale of asset )
4	Expenditure in P&L on measurement of asset or liability at fair value
	* Net profit after tax is taken as base and accordingly the adjustments need to be considered.

[SUDHIER KUMAR GUPTHA]

Its 2% on average PAT, not PBT.

On Thu, Apr 23, 2015 at 2:25 PM, sujeet kumar <sujeet...@gmail.com> wrote:

[CS Raman]

It would be 'atleast 2% on average net profit '(before tax). Please refer to bottommost explanation to section 135.

I am also of the firm view that this should have been PAT, but it is not so.

Regards,

Arvind