jaggu
asked over 3 years ago
Whether CSR expense is a Capital expenditure?or revenue expenditure?
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veeru
answered over 3 years ago
The FAQs clearly mentions that any CSR expenditure that could satisfy the definition of an asset[3] should be properly acknowledged in the balance sheet of the company under specific headings as applicable with “CSR” prefix to it. For example – if a building has been constructed for CSR purpose, it may be labelled as “CSR property”.
