Accounting standards
This query is : Resolved
27 July 2013
Hello,
My query is:
As per classification for applicability of AS done by ICAI, (Level -I, II and III)
The words used is "ALL NON-CORPORATE ENTITIES" whose turnover exceeds Rs. 50 crore......
I want to know what is the meaning of "NON CORPORATE ENTITIES"?
Does it includes company registered under Companies Act or not?
My query is:
As per classification for applicability of AS done by ICAI, (Level -I, II and III)
The words used is "ALL NON-CORPORATE ENTITIES" whose turnover exceeds Rs. 50 crore......
I want to know what is the meaning of "NON CORPORATE ENTITIES"?
Does it includes company registered under Companies Act or not?
30 July 2013
it means entities other than Company.
31 July 2013
This includes proprietorship firms, Partnership firms, Trust, Co-operative Society, Joint Ventures, marketing and procurement bodies set up by State Government etc. etc. but does not include Private Limited and Limited Companies.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- COP Surrender 2024
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
