Table to Compute Net Profit for CSR contribution as per Section 198 of Companies Act, 2013

            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.