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Small company definition

The books that I have received now gives the definition of small company according to pre budget 2021,what is the new definition for small company? Should I write the new or old definition in nov 2021 exam


lithish kumar

lithish kumar

CA Inter

1K+

26-Feb-21 16:49

20

Answers (1)

In the new definition, proposed changes relate to enhancing the limits: Paid up capital from â??not exceeding `50 Lakhâ?? to â??not exceeding `2 Croreâ?? and turnover from â??not exceeding `2 Croreâ?? to â??not exceeding `20 Croreâ?? For exams, ICAI should give out notification for amendments, wait un till then.


Sahibdeep Singh

Sahibdeep Singh

Moderator

26-Feb-21 17:34

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