Is there any amendment in the limit of small company from earlier limit of :
PUSC - 50LAKH
TURNOVER - 2 CRORE ?
Menu
Amendment in small company
Replies (2)
As per the new definition and threshold limits, companies with a paid-up capital of INR 2 crore or less, and turnover of INR 20 crore or less come are defined as small companies. The earlier threshold was INR 50 lacs or less in paid-up capital and INR 2 crore or less in turnover.
The government has amended the definition of a small company, which was applicable from 1st April 2021.
PSC- 2 Crore
Turnover - 20 Crore.
Recent Topic
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
- Retirement funds under new tax regime
- GTA Annexure V Non Compliance
- Calculation of Demand due to interest u/s 220(2)
- Legal profession business code in section 44ADA
- Whether Indexed Capital Loss Can Be Claimed Under
- Form 145 and 146 Foreign Remittance in Excel Forma
- E invoice missed out/not generated for FY2025-26
- Can a broker's software legally override actual po
Related Topics
CAclubindia
