BMC Associates says Replied on 15th August,2026 04:14 AM

For a company operating in a regulated sector, the applicable cost-audit threshold needs to be checked under Rule 4 of the Companies (Cost Records and Audit) Rules, 2014, along with the relevant sector/category. If the question is based on the commonly tested threshold of ₹50 crore overall turnover and ₹25 crore individual product turnover, then: Overall turnover = ₹52 crore → exceeds ₹50 crore. Aggregate turnover of individual products = ₹24 crore → below ₹25 crore. Therefore, the company would not be required to get its cost records audited merely on these figures, assuming all other applicable conditions remain the same. The important point is that both the overall turnover threshold and the prescribed individual-product turnover condition must be satisfied, as applicable to the particular regulated sector. For guidance on cost audit, Companies Act compliance, and financial reporting, businesses can consult experienced chartered accountant firms in gurgaon, a qualified chartered accountant gurgaon, a reliable ca firm in gurgaon, or a professional ca in gurgaon.