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COST AUDIT ON PARTNERSHIP FIRMS
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....OST AUDIT ON PARTNERSHIP FIRMS<br> Query (Issue) Started By: - AMIT FARMANIA Dated:- 24-1-2014 Last Reply Date:- 8-2-2015 Accounting - Auditing<br>Got 3 Replies<br>Companies Law<br>Dear All, Can any....
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.... one tell me whether a partnership firm (not an LLP) who is engaged in manufacturing process is required to get its cost records audited or not. If yes, then under what circumstances. Also the man....
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....ufacturing concern has a annual turnover more than 250 crore then. Somebody has says to me that according to rules cost audit is determined by turnover I am very confused. Please guide me. Regard....
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....s Amit Reply By Sanjeet Kumar: The Reply: Dear The cost audit rules 2013 are issued by the mca under companies act 1956, or 2013. which is applicable only on the companies as defined in the compa....
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....nies act 2013. This is my opinion. As u told in query, u are a partnership firm then this is not applicable on u Reply By mohd imran: The Reply: Dear Sir i am working in limited co. which having ....
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....partnership firm(T.O. of partnership firm 70 cr. ) is it mandatory to prepare cost records of partnership firm along with limited co. advise me Thanks and Regards imran Reply By ramniranjan kando....
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....i: The Reply: Cost Audit is not applicable to Partnership Firm . Turnover of a factory is not the basis of applicability of Cost Audit. Cost Audit is applicable to only Pvt/ public ltd. company<br> ....
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