Caro
This query is : Resolved
20 October 2010
Sir
Last year i.e. a.y 2009-10 CARO was applicable on a private ltd. company but this year it satisfies all the condition of section 2(iv) relating to exemption from applicability of CARO.
Will CARO be applicable this year also?If Yes, How many years the Caro will be applicable once its first time applicability?
Last year i.e. a.y 2009-10 CARO was applicable on a private ltd. company but this year it satisfies all the condition of section 2(iv) relating to exemption from applicability of CARO.
Will CARO be applicable this year also?If Yes, How many years the Caro will be applicable once its first time applicability?
20 October 2010
Applicability has to be checked year wise. Accordingly ,as per facts given, not applicable in the a.y 2010-11.
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