Caro
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2014
APPLICABIITY OF CARO ON PRIVATE COMPANY
31 December 2014
A private limited company which satisfies the following conditions :
1. a private limited company with a paid up capital and reserves not more than Rs. 50 Lakhs and
2.which does not have loan outstanding exceeding Rs. 25 Lakhs from any bank or financial institution and
3.does not have a turnover exceeding Rs. 5 Crores at any point of time during the financial year.
CARO will not apply to private company
In order to be exempt from the applicability of CARO , Private company must satisfy all the above conditions at any point of time during the financial year.
1. a private limited company with a paid up capital and reserves not more than Rs. 50 Lakhs and
2.which does not have loan outstanding exceeding Rs. 25 Lakhs from any bank or financial institution and
3.does not have a turnover exceeding Rs. 5 Crores at any point of time during the financial year.
CARO will not apply to private company
In order to be exempt from the applicability of CARO , Private company must satisfy all the above conditions at any point of time during the financial year.
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Form 27Q Correction statement taking too long to update on IT Portal
- Scrutiny assessments u/s 143(2) for AY 25-26
- TDS related Query_Liquidated Damages
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
