Balance sheet for tax audit report.
This query is : Resolved
shweta Agrawal
(Querist)
12 October 2017
How shall balance sheet be prepared for Tax Audit Report for Sole Proprietorship & Professionals? Whether it shall be prepared as per Companies Act 2013 or as per old format in horizontal form? Pls guide.
Amol S Joglekar
(Expert)
12 October 2017
better if it is prepared as per the ICDS......Income computation disclosure standards.
Ashiwini Ballodia
(Expert)
12 October 2017
Prepare in Horizontal Format because Companies Act doesnot applies to Proprietorship
CA Rashmi Gandhi
(Expert)
12 October 2017
You can prepare it in horizontal format.
shweta Agrawal
(Querist)
13 October 2017
If it is prepared in vertical format not as per Companies Act 2013 then there will be any problem????
shweta Agrawal
(Querist)
13 October 2017
If it is prepared in vertical format not as per Companies Act 2013 then there will be any problem????
Ashiwini Ballodia
(Expert)
13 October 2017
If you want to prepare in Vertical format you may do so it will not create a problem.
Proprietorship are free to choose any format
Proprietorship are free to choose any format
shweta Agrawal
(Querist)
13 October 2017
Thank you so much for ur help.
Ashiwini Ballodia
(Expert)
13 October 2017
Welcome Shweta Agrawal Ji
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
- Gst credit note by supplier
- Missed uploading GST Invoice
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
