Hello friends please clarify my doubt whether working in a propreitorship or partnership firm having turnover more than Rs. 1 crore will be eligible for claim of exemption of practical training.
1 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 10 March 2013
| Originally posted by : big boss | ||
 |
Hello friends please clarify my doubt whether working in a propreitorship or partnership firm having turnover more than Rs. 1 crore will be eligible for claim of exemption of practical training. |
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For exemption from undergoing practical training, the organizations other than the firms of professionals will be recognized, having turnover of more than Rs. 5 Crore in the previous year.
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