PYIUSH SHARMAPYIUSH SHARMA asked 2 months ago

WHILE CALCULATING THE REVENUES OF PRIVATE COMPANY IN ORDER TO ASCERTAIN THE APPLICABILITY OF THE CARO, THE PROFIT ON SALE OF INVESTMENT HAS BEEN ADDED. WHAT IF THERE IS A LOSS ON SALE OF AN ASSET. HOW WILL THAT BE TREATED? WILL IT BE DEDUCTED RESULTING IN REDUCTION OF THE REVENUE OR IGNORED.

1 Answers
RaviRavi Staff answered 2 months ago

yes it will be deducted and will lead to reduction in revenue, we have to follow schedule III format and totals if there is lack of clear explanation in guidance note on caro

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