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
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