Applicability of cost audit
This query is : Resolved
Ankit D. Jain
(Querist)
06 June 2014
Dear sir & friends,
please tell me someone what is cost audit limit to a manufarturing pvt. ltd. company.At which amt. of turnover and net worth exceed the limit which require compulsory conducting cost audit for manufacturing company and,
what is the time limit to conduct cost audit and
which audit is 1st conducted means cost audit 1st conduct than income tax or income tax 1st..
please tell me someone what is cost audit limit to a manufarturing pvt. ltd. company.At which amt. of turnover and net worth exceed the limit which require compulsory conducting cost audit for manufacturing company and,
what is the time limit to conduct cost audit and
which audit is 1st conducted means cost audit 1st conduct than income tax or income tax 1st..
06 June 2014
as per sec 209(1)d of companies act 1956 it is applicable for all co doing manufacturing, processing or mining business so no amount limit is fixed.
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