CARO Applicability-to Pvt.Ltd.Co.
This query is : Resolved
31 January 2022
Hi All
One of my clients is a private limited company with a turnover of Rs. 9 Crs. They do not have any loans. Their share capital is Rs. 1.20 Crs. Is CARO provisions get applicable to them ?
Thanks in advance.
One of my clients is a private limited company with a turnover of Rs. 9 Crs. They do not have any loans. Their share capital is Rs. 1.20 Crs. Is CARO provisions get applicable to them ?
Thanks in advance.
31 January 2022
CARO provisions not applicable as turnover less than 10 crores.
31 January 2022
Exemption condition is not satisfied since capital > 1 crore, hence CARO,2016 is APPLICBALE to the said company.
01 February 2022
Whether all conditions are cumulative or exclusive?
Even if one condition get satisfied whether CARO gets applicable?
Even if one condition get satisfied whether CARO gets applicable?
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Number of Nominees
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Are there any exceptions for residence in Nepal under FEMA/ITA
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- Adjustment at the beginning of the year
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
