CARO Reporting

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374 Points Posted on 29 March 2020
CARO Report has to be submitted to whom
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On 29 March 2020 at 23:27 Report
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The CARO report is an integral part of a company's statutory audit report and is not filed separately with the Income Tax authorities. Instead, it's submitted as part of the overall audit report. While companies must get their accounts audited and file financial statements with the ROC, the specific submission of the audit report depends on the governing statute. For instance, tax audit reports go to the Income Tax Department, while reports under the Companies Act are addressed to the company's members.

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Chartered Accountant
12739 Points Posted on 30 March 2020

attached with Audit Report 

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On 30 March 2020 at 07:08
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374 Points Posted on 30 March 2020
Should we file audit report to income tax authorities
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On 30 March 2020 at 10:10
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Consultant
1891 Points Posted on 30 March 2020

The report is attached with the Audit Report of the Company. 

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On 30 March 2020 at 13:47
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In Practice
1951 Points Posted on 31 March 2020

CARO report is a part of statutory audit report of the company. It is not a separate report. It will be submitted to the tax department by the tax auditor. company dont have to submit it with ITR  

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On 31 March 2020 at 09:49
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Consultant
1891 Points Posted on 31 March 2020

Under the Income Tax Act, audit report is filed with them only in case of tax audit. 

However it is mandatory for all companies to get their accounts audited. and file their annual financial statements with ROC. 

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On 31 March 2020 at 09:59
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Auditor at Big 4
622 Points Posted on 31 March 2020
CARO is part of independent Auditor's Report.

@ Abhishek Selvam, as far as your concern about submission of Auditor report. This depends upon statute under which audit was conducted.

1. Statutory Audit Report ( CARO is part of this Report) under Co's Act, 2013 - Audit Report is addressed to members of the co. means shareholder of the co.

2. Tax Audit Report under Income Tax Act - To Income Tax Department
3. Audit Report Under GST Act - GST dept.
4. Audit of any Govt. Deptt./ Statutory corporation - C&AG.
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On 31 March 2020 at 22:45

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