12 July 2012
AS-17 Segment reporting is applicable if there is more than one business or Geographical segment. Further AS-17 is applicable on All commercial, industrial and business reporting enterprises, whose turnover for the immediately preceding accounting period on the basis of audited financial statements exceeds Rs. 50 crore. Turnover does not include ‘other income’. Therefore it is applicable in your case subject to more than one business or Geographical segment is present
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