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Caro

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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?

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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