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caro

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 January 2010 hello



do we have to check out every year whether caro is applicable or not OR once applicable it will continue???????
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
06 January 2010 Check every year.

If in a year there are no transactions at all; CARO will not be applicable.

If in previous year CARO was not applicable due to no transactions but this year; transactions are there; caro will be applicable.

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