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CARO Reporting

Abhishek Selvam O (374 Points)

29 March 2020

CARO Report has to be submitted to whom

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6 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 30 March 2020

attached with Audit Report

Abhishek Selvam O (374 Points)
Replied 30 March 2020

Should we file audit report to income tax authorities

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 30 March 2020

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

CA PARTH SHAH (In Practice) (1951 Points)
Replied 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

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 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.

CA KARAN SINGH (Auditor at Big 4) (622 Points)
Replied 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.