10 September 2010
It cannot be decide based only turnover, other factors also will be considered, please refer the definition of Level-1 & level-2 industries under Accounting standards
11 September 2010
AS -3 APPLY ON LEVEL I WHICH INCLUDE LISTED ENTERPRISES, BANKS, FINANCIAL INSTITUTIONS, INSURANCE ENTERPRISES, ALL OTHER ENT WHOSE TURNOVER IS MORE THAN RS. 50CR BUT TURNOVER EXCLUDE OTHER INCOME
CAclubindia
