Caro 2016 applicability

166 views
User Avatar

36 Points Posted on 07 January 2021
small companies is exempted under caro 2016.
But what if a small company which is pvt Ltd has share capital more than 1crore.Is it still applicable or exempt.
0 Reply Share Follow
On 07 January 2021 at 21:09 Report
Replies (2)
Quick Summary
This discussion clarifies the applicability of CARO 2016 for small companies. It confirms that small companies are generally exempt from CARO 2016 requirements. The exemption holds true even if a private limited small company has share capital exceeding £1 crore.

User Avatar

Chartered Accountant
24588 Points Posted on 07 January 2021
Yes exempt
Reply
On 07 January 2021 at 21:40
User Avatar

Accountant
4533 Points Posted on 08 January 2021
Yes small companies are accepted
Reply
On 08 January 2021 at 00:56

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. IT Return Refund Status AY 2026-27
  2. Clarification Regarding Income Tax Demand Notice
  3. Online PAN Download: Check How?
  4. Demand of Late fee/Interest under section 75 of GS
  5. DSC registration on TRACES portal
  6. Can we get registered for MCA if we get a Virtual
  7. DONATION PAYMENT REG
  8. GST IDS Refund – Statement 01A: Invoice Not
  9. TDS deposit code & TDS return
  10. AIS VS GST Mismatch- FY 2025-26

More recent discussions | Post

Related Topics :

Loading