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AS - Applicability levels

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(Querist)
20 December 2008 hi

to be level-1 enterprise for applicability of AS the conditions are the Turnover must be > 50 crores in the previous year or Borrowings must be > 10 crores. for borrowings is it in the previous year or in the current year?

thanks
tima
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CA. Amit Daga

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CA. Amit Daga (Expert)
28 November 2009 Current year

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