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Applicability of caro

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 August 2016 The assessee is a private limited company.

The following are the details:

Sales turnover - Rs. 9 crores

Sum of Paid-up share capital & Reserves - Rs. 1.5 crore

Borrowings - Rs. 50 lakhs

Is CARO applicable to the company?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
11 August 2016 Caro,2016 is applicable since paid up capital > threshold limit.

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