Whether cost accounting record Rules 2011 is applicable to IT Companies?
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Cost accounting records
Replies (1)
The cost accounting record Rules 2011 are applicable to the following Companies :
1) the aggregate value of net worth as on the last date of the immediately preceding financial year exceeds five crores of rupees; or
2) the aggregate value of the turnover made by the company from sale or supply of all products or activities during the immediately preceding financial year exceeds twenty crores of rupees; or
3) the company’s equity or debt securities are listed or are in the process of listing on any stock exchange, whether in India or outside India
So it is applicable in your case if any of the above condition is satisfiesd
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