Referring to the provisions of the Companies Act, 2013 relating to 'corporate social responsibility' (CSR), answer the following: Whether the average net profit criteria for CSR is before tax or after tax ?
CS Executive · Company Law · PYQS · December 2016
Referring to the provisions of the Companies Act, 2013 relating to 'corporate social responsibility' (CSR), answer the following: Whether the average net profit criteria for CSR is before tax or after tax ?
Answer & Explanation:
Computation of Net Profit for Section 135 is as per Section 198 of the Companies Act, 2013 which is primarily profits before tax.
Topics: Corporate Social Responsibility (CSR)
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