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    Excess Expenditure on CSR activity

    Posted By : Ruchi / Published on : 25-Jul-2022 05:01 AM / View : 337 / Comment : 2

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    If a company cannot take the benefit of set off of excess amount spent in the previous financial year because of non applicability of CSR
    provisions, will the excess amount lapse?
    Read more on : activity expenditure excess

    • Hi Ruchi,

      Benefit of Setoff is available for immediate succeeding three financial years.

      In any case the company fails to setoff such amount, it shall lapse and could not be claimed further.

      25-07-2022 / 05:10:30 AM
      Reply
    • Hi Ruchi,

      Benefit of Setoff is available for immediate succeeding three financial years.

      In any case the company fails to setoff such amount, it shall lapse and could not be claimed further.

      25-07-2022 / 05:12:34 AM
      Reply
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