CA PARTH SHAH (In Practice) 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) 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.
Karan Singh (Chartered Accountant) 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.