CSR exemption for firms making losses; eligibility to be checked every year

1 week ago

CSR rules are applicable to companies with a net profit of over Rs 5 crore or networth of over Rs 500 crore or turnover of Rs 1,000 crore

Topics
CSR | Corporate social responsibility | CSR norms

Ruchika Chitravanshi  |  New Delhi 



CSR, corporate social responsibility

Illustration: Ajay Mohanty

Companies making losses in the immediate preceding financial year will be exempted from undertaking corporate social responsibility (CSR) activity that year if they were eligible for CSR due to their net profit, reveals the latest government notification.

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First Published: Fri, September 23 2022. 00:05 IST


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