CSR provisions under Section 135 apply to a company if any of the following thresholds are met in the immediately preceding FY:
ANet worth Rs 100 cr only
BOnly listed companies
CNet worth Rs 500 cr OR turnover Rs 1000 cr OR net profit Rs 5 cr
DNet profit Rs 1 cr only
Answer & Solution
Correct answer: C. Net worth Rs 500 cr OR turnover Rs 1000 cr OR net profit Rs 5 cr
1. Section 135(1) — applicable if net worth ≥ Rs 500 cr, OR turnover ≥ Rs 1000 cr, OR net profit ≥ Rs 5 cr in the immediately preceding FY.
2. Meeting any one trigger brings the company under CSR.
3. Hence (A).
_Source: ICAI BoS CA Inter Paper 2 — Accounts of Companies_