Applicability of revised schedule vi
This query is : Resolved
Devang Shah
(Querist)
28 July 2012
Dear All,
We have finalised our annual accounts as per the Calender year i.e. Jan to Dec 11 and now finalising financials for the Tax Year 2011-12 (April to March 12).
For Calender year, we have prepared our accounts as per old schedule VI but for tax year which schedule to be followed?
a. Revised schedule VI is applicable from when?
b. Is is applicable for the Tax year and Tax financials.
Early revert expected.
Regards,
devang shah
We have finalised our annual accounts as per the Calender year i.e. Jan to Dec 11 and now finalising financials for the Tax Year 2011-12 (April to March 12).
For Calender year, we have prepared our accounts as per old schedule VI but for tax year which schedule to be followed?
a. Revised schedule VI is applicable from when?
b. Is is applicable for the Tax year and Tax financials.
Early revert expected.
Regards,
devang shah
Amol S Joglekar
(Expert)
28 July 2012
It is applicable for Companies Act. Income Tax Act has not yet taken any cognisance.
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