Applicability of caro

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SHIBA PRASAD PANIGRAHI (Querist)
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21 August 2014 The company is into Online commodity trading which figure is considered for application of Caro - Gross Turnover or Margin on sale.

Ashwin Sharma (Expert)
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21 August 2014 In my view, If gross turnover is shown as business income in P&L, then it shall become criteria for applicability of Caro

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