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V.S. Datey on Companies Act, 2013
  • Profit on sale of shares

    by Harish on Sunday, March 22, 2020 at 11:55 AM

    Dear Sir, A company held shares of another company as investment and shown under non current investment in BS. company sold these shares and earn profit. Does the profit earned from these shares shall be included while computing profit for the purpose of CSR and why. please guide. Kind regards,

    Replied byV.S. Datey Monday, March 23, 2020 at 10:42 AM

    in absence of specific exclusion, if the amount appears as current profit in your balance sheet and u pay income tax on it, then it should be includible V S Datey

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