Applicability of caro
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 October 2012
Whether Security Premium is consider as reserve or not?
12 October 2012
Security premium can be considered as 'reserve' for the purpose of CARO,2003 because 'Guidance Note on Terms Used in Financial Statements' defines reserve as " portion of earnings, RECEIPTS, or other suplus of an enterprise, whether capital or revenue, appropriated by management for a general or specific purpose other than provision for depreciation or dimunition in the value of assets or for a known liability".
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Transport service POS
- GST Registration Application -Rejected
- E INVOICE, E-WAY, INVOICE
- GSTR 9C- Table 9
- To Whom the Invoice should be Raise to
- INCOME TAX NOTICE QUESTION
- Sale Proceed of Urban Agri. Land received in Advance in FY 24-25 but Registry is made in next year
- PLACE OF SUPPLY FOR COMMISSION AGENT
- Whether to file ITC 03 for downward GST rate revision - Reg.
- Query Regarding Error in Establishing Connection with Traces WebSocket eSigner
- Capital gain on sale of resident house by non-resident Indian
- Regarding claiming exemption under section 54ec
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
