What is CSR and which companies must comply?

Name: Vijay R Singh & Co.
Address: Office No. 4, Vishal CHSL, D Wing, Sir Mathuradas Vasanji Road, Azad Nagar, Opp. Andheri Gymkhana, Andheri East, Maharashtra, 400069, IN
Telephone: +91 98607 23959

CA Vijay R Singh, FCA
Chartered Accountant · ICAI M.No. 153926 · FRN 136869W

Short answerCSR (Corporate Social Responsibility) requires certain companies to spend 2% of their average net profit on social activities. It applies to a company with net worth of ₹500 crore, turnover of ₹1,000 crore, or net profit of ₹5 crore or more in a year. Spending and reporting (Form CSR-2) are mandatory.

Who must comply

Companies crossing any of the ₹500cr net worth / ₹1,000cr turnover / ₹5cr profit thresholds.

2% spend + CSR-2

Spend 2% of average net profit on permitted activities and report it in Form CSR-2. Confirm current rules.

Trusts & Societies

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This answer is general information for trusts and societies, not tax or legal advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.