As per the conditions of CARO,2003 for a private limited company:
A private limited company with a paid up capital and reserves not more than fifty lakh rupees and has not
accepted any public deposit and does not have loan outstanding ten lakh rupees or more from any bank
or financial institution and does not have a turnover exceeding five crore rupees.

My question is if only one or two and not all the three conditions are voilated then would CARO be applicable to such a company..?

In my case only Condition no.2 is fullfilled so what would be my position in respect of CARO..?

SIR I WANT TO KNOW THAT WHAT DETAILS WILL REQUIRE WHILE DURING THE TIME OF AUDIT OF EXPORT FIRM.
WHAT DOCUMENTS WILL REQUIRE TO BE VOUCHED AND HOW THEY BE VOUCHED?

Hey there,
Can any one tell me, what points can be covered while auditing the accounts of a electricity substations??

Is there any change in Form 3CA & 3CD of Tax Audit in the year 2008-2009. If Yes ,then what are those changes?

Dear Friends,
We have Received some amount for issue of Shares.
For the amount related to premium we should Credit Share Premium A/c or Security Permium A/c?

DEAR SIR/MADAM

PLEASE CLARIFY MY DOUGHTS IN CASH PAYMENTS ABOVE RS. 20000/-

1. CASH SALES AND PURCHASES ABOVE 20,000 IS ALLOWABLE OR NOT IN TRADING A/C

2. ANY EXPENDITURE REFLECTED IN TRADING AND P&L IS PAID ABOVE RS. 20,000 LIKE DIRECT AND INDIRECT, REVENUE ETC.,

THESE ABOVE TWO CASES IF DISALLOWED UNDER WHICH SEC IS DISALLOWED

1. AMOUNT PAID TO SUNDRY DEBTORS AND REPAYMENT TO SUNDRY CREDITORS, LOANS AND ADVANCES PAID TO OTHERS IS ABOVE RS. 20000 IS ALLOWABLE OR DISALLOWED IF DISALLOWED UNDER WHICH SECTIONS IS APPLICABLE. PLEASE TELL

THANKS IN ADVANCE

is it possible to reduce cash transactions in no's.that is cash exp cash pur cash sales .....because cash related transactions ar having huge possible to prone............

Please, tell me what should we have to check in stock audit of a manufacturing company..............reply, it's urgent

DEAR SIR/MADAM

ABOVE 20,000/- CASH PAYMENTS IS DISALLOWED ONLY PROFIT AND LOSS A/C REFLECTED ITEMS OR INCLUDING THESE ITEMS ALSO LIKE TRADE CREDITORS, SUNDRY CREDITORS,GIFTS PAID,SUNDRY DEBTORS LIKE LOANS GIVEN TO OTHERS AND CAPITAL EXPENSES LIKE DAUGHTER MARRIAGE EXPENSES DR IN CAPITAL ITS ALSO PAID ONLY CHEQUE ABOVE TWENTY THOUSAND PLEASE TELL

THANKS IN ADVANCE

pls explain me what is a concurrent audit???
even explain me internal/external/statutory audit??
is IT audit u/s 44AB a statutory audit or external audit??
be detailed!!!