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Small company

Sir in this question the Small company has 2.5 crore as turn over . As per law small company can have turnover up to 100 crore then why they have not classified this company as small company

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Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

28-Nov-20 20:23

20

Answers (4)

Best Answer

But it is given as " 2 crore or such higher amount as may be prescribed which shall not be more then 100 crore rupee."

As of now it is 2 crore but the central government can increase this limit, which shall not be more than 100 cr RS. So the higher amount is not yet prescribed


Abhishek Purohit

Abhishek Purohit

CA Inter

6K+

29-Nov-20 00:44

no... the turnover should not exceed 2 crores


vigasini subramaniyan

vigasini subramaniyan

CA Inter

265

28-Nov-20 21:15

no... the turnover should not exceed 2 crores

But it is given as " 2 crore or such higher amount as may be prescribed which shall not be more then 100 crore rupee."


Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

28-Nov-20 21:26