Sir in CARO 2016 for private company, total revenue will include insurance claim received, sales of assets, commission etc? (all items appearing on credit side of p/l?)

1 answer

Ravi Staff February 7, 2018

It includes everything which is included in total revenue as per schedule III as per gudiance notes on Caro.
So it will include revenue from operations and other income. Guidance notes has clarified it will include income form discontinuing operations also.
Do it will include commission as it is covered in other income, it will include only PROFIT or LOSS on sales is assets or investments and net profit / loss I’m case of insurance claim received.


Please login here to Submit Answer

No announcement available or all announcement expired.