Applicability of cash flow statement
This query is : Resolved
28 August 2017
Can a private limited company having paid up share capital is required to prepare Cash Flow Statement.
28 August 2017
small company, one person company and dormant company are not required to prepare CFS. Check status of your company, if it falls under these categories, then it is not required to prepare Cash flow statement.
28 August 2017
mandatory to prepare cash flow statement applicability I think from April 2015 but not sure about the date
28 August 2017
is Private limited company having Share Capital of Rs.700000 is small company
28 August 2017
is associate company ca be considered as small company
29 August 2017
Please refer the proviso of Sec.2(40) of the Companies Act, 2013, Cash Flow Statement is not applicable for One Person Company, Small Company, Dormant company and a private company which is a start up company. For this purpose, small company is a private company having paid up capital not exceeding 50 lacs or turnover not exceeding 2 cr. Furthermore, a holding company, subsidiary company and Sec.8 company are not small companies as per the provision of Sec. 2(85).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Sales amount in Gstr1
- Supply through E-commerce Operators
- TDS Claim year
- Relief u/s Section 89
- TDS Challan Code
- Rent lease agreement
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
