Caro report
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2013
when is CARO report is prepared i.e., along with tax audit report or with statutory audit report.
If a company is having statutory audit period as jan to dec then, along with statutory audit report, is it required to prepare CARO report.
kindly help.
If a company is having statutory audit period as jan to dec then, along with statutory audit report, is it required to prepare CARO report.
kindly help.
11 February 2013
CARO report IS prepared only when any of the following condition is satisfied
1) turnover exceeds RS 5 crore or
2) loans form financial institution exceed RS 25 lakh or
3) share capital and reserve & surplus exceed RS 50 lakh
1) turnover exceeds RS 5 crore or
2) loans form financial institution exceed RS 25 lakh or
3) share capital and reserve & surplus exceed RS 50 lakh
CA Lokesh Pokharna
(Expert)
11 February 2013
first of all caro report requirement is related to statutory audit report..yes caro report is applicable .period is not important.
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