Whether during the year the company has made investments in, provided any guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties
whether physical verification of inventory has been conducted at reasonable intervals by the management and whether, in the opinion of the auditor, the coverage and procedure of such verification by the management is appropriate
CARO 2020: Point 2 with Samples Read More »
Whether the company is maintaining proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment
CARO 2020: Point 1 with Samples Read More »
Section 56(2)(x) contains provisions relating to taxability of Money or property received without consideration. It can also be regarded as a section containing provisions relating to taxability of gifts.
Section 56(2)(x): Taxability of Gifts Read More »
OIDAR stands for Online Information Database Access and Retrieval services. It is a category of services provided through internet, without having any physical interface with the supplier of such services.
Impact of GST on OIDAR Services Read More »
Cost Records” means books of account relating to utilisation of materials, labour and other items of cost as applicable to the production of goods or provision of services
Applicability of Cost Records and Cost Audit Read More »
Startups have become an important part of the Indian economy and acts as a major source of FDI. With India on the course of becoming a $5 trillion economy by FY 2026, the startup sector is set to witness rapid growth and development.
106 Startup terms you should be knowing Read More »
Financial Statements for a company whose Financial Statements are required to comply with the Companies (Accounting Standards) Rules, 2006.
Amendments to Schedule 3 of the Companies Act, 2013 Read More »
The Statutory auditor of the company is now required to report on the following additional points
CARO is a set of points to be given by a statutory auditor of a company in addition to the Independent Auditors Report issued under section 143 of the Companies Act, 2013.
Companies Auditor’s Report Order – CARO 2016 vs CARO 2020 Read More »
