Cost auditor applicablity
This query is : Resolved
27 August 2015
A Company with turnover of Rs. 504739212/- and deals in manufacturing of Steel and iron. Please let me know whether Appointment of Cost Auditor is required or not?
27 August 2015
Cost Audit is required.
As per section 148(1) of the companies act every company [including companies falling under section 2(42)] whose turnover exceeds Rs. 35 crore during immediately preceding FY should maintain cost records.
As per section 148(1) of the companies act every company [including companies falling under section 2(42)] whose turnover exceeds Rs. 35 crore during immediately preceding FY should maintain cost records.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- Banking Related Issue
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Loss of interest in PF transfer from EPFO to Trust
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding reporting of exempt foreign remuneration in ITR
- Taxability of credit in canara bank ET & T section (NRO)
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
