Dear all members
My query is that why CARO is not applicable on banking co. and insurance co.
Thanks in advance !!
Menu
Caro
Replies (1)
Para 1(2) of CARO 2003 states that it will not apply to insurance and banking companies. The reason is that such companies are covered under special Acts of Parliament and such matters are taken care of by the respective statutes. In case of insurance companies, IRDA has made separate regulations for the same.
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
