form 1

PARTICULARS

Previous FY 1

Previous FY 2

Previous FY 3

( * Enter Amount in Rs. Only)

Turnover

Other Income of a repetitive nature / revenue nature / which company receives every year

Total income of a repetitive nature / revenue nature /which company receives every year

Add : Allowed Credits

Any Subsidies & Bounties received from the Govt/public Authority (if not included in the above-calculated total income)

Profit on sale of immovable property or Fixed asset (Orignal Cost Less WDV OR Sale value Less WDV, whichever is lower)

If Company is investment company as per clause (a) in Explanation in sec 186(11), then profits, by way of premium on shares or debentures of the company, which are issued or sold by the company

SUB TOTAL (A)

Less: Expenses to be deducted

All usual working charges if not separately deducted below

Cost of Material Consumed

Purachase of Stock in Trade

Changes in inventories of finished goods and Stock-in Trade

Employee Benefit expense

Finance Cost

Amortisation Expense

Other Expense of a repetitive nature / revenue nature / which company incurs every year (if not mentioned in any other heads)

Directors Remuneration - don’t consider again if considered in Employee benefit Expenses

Bonus or Commission paid or payable to any member of the company’s staff, or to any engineer, technician or person employed or engaged by the company, whether on a whole-time or on a part-time basis

Any tax notified by the Central Government as being in the nature of a tax on excess or abnormal profits

Any tax on business profits imposed for special reasons or in special circumstances and notified by the Central Government in this behalf

Interest on debentures issued by the company

Interest on mortgages executed by the company and on loans and advances secured by a charge on its fixed or floating assets

Interest on unsecured loans and advances

Expenses on repairs, whether to immovable or to movable property, provided the repairs are not of a capital nature

Outgoings inclusive of contributions made under section 181-Contribution to bona fide & charitable funds etc.

Depreciation to the extent specified in section 123

The excess of expenditure over income, which had arisen in computing the net profits in accordance with this section in any year, in so far as such excess has not been deducted in any subsequent year preceding the year in respect of which the net profits have to be ascertained

Any compensation or damages to be paid in virtue of any legal liability including a liability arising from a breach of contract

Any sum paid by way of insurance against the risk of meeting any liability such as is referred to in clause (m)

Debts considered bad and written off or adjusted during the year of account

SUB TOTAL

Profit as per u/s 198

Total profit for Checking CSR Applicability

Total net profit of 3 Years

Average Net profit of 3 years

Final CSR Obligation of current year

Note : The above calculation is auto calculated.

Disclaimer -
The computation of profits for Corporate Social Responsibility (CSR) purposes under the Companies Act 2013 is subject to various provisions, guidelines, and interpretations. The information provided in this document/website/material regarding CSR profits computation is for general informational purposes only and should not be construed as legal, financial, or professional advice.

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