CARO Reporting

This query is : Resolved

Ahsan (Querist)
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25 March 2009 If a company is irregular in depositing statutory dues through the year but has no amount outstanding to any statutory authority as on the reporting date. Is the same to be qualified under CARO.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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25 March 2009 As per caro u need to report:

Is the company regular in depositing undisputed statutory dues including
Provident Fund, Investor Education and Protection Fund, Employees’ State Insurance, Income-tax, Sales-tax, Wealth Tax,Custom Duty, Excise Duty,cess and any other statutory dues with the appropriate
authorities and if not, the extent of the arrears of outstanding statutory dues as
at the last day of the financial year concerned for a period of more than six months from the date they became payable, shall be indicated by the auditor;

so you need to report that comapny was irregular in depositing statutary dues...