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Cost audit

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(Querist)
19 October 2013 what is the turnover limit for the company engaged in textile industry..?

please give me the details of the provision applicable to the private company for conducting cost audit..
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 October 2013 Turnover limit for cost audit is Rs.20 Crore
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Santosh Kalburgi

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Santosh Kalburgi (Expert)
09 November 2013 Hello,

For Textile the turnover limit for applicability of cost audit is 100 crores. Also check other criteria networth if exceeds 5 crores or if the company's securities are listed in stock exchange.
Regards,
Santosh G Kalburgi
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