Submission of balance sheet in dvat

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Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2014 Dear Sir

Can any 1 Tell me what was the turnover limit for submission of balance sheet of FY 2009-10 in DVAT?

Ganesh Krishnan S

Ganesh Krishnan S (Querist)
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05 May 2014 For Nov 2014 IPC exam how many Acts are included....? And is old Acts included or not....?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 May 2014 both the acts are included. for new act, 98 sections notified on 12 Sept 2013 are included. for rest, the old act shall include.

please refer https://www.caclubindia.com/forum/applicability-of-companies-act-2013-4-nov-14-285332.asp#.U2dDjqIVe8A

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Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2014 what was the turnover limit for FY 2009-2010 for submission of balnacesheet in DVAT?

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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01 August 2024 For the Financial Year (FY) 2009-10, under the Delhi Value Added Tax (DVAT) Act, the turnover limits for submission of balance sheets were as follows:

### **Turnover Limits for Submission of Balance Sheet:**

1. **For Large Dealers:**
- **Turnover Limit:** ₹1 crore or more.
- Dealers falling under this category were required to submit their audited balance sheets and profit & loss accounts.

2. **For Small Dealers:**
- **Turnover Limit:** Less than ₹1 crore.
- These dealers were not required to submit audited balance sheets, but they still needed to maintain proper books of accounts and file their returns.

### **Relevant Details:**

- **Filing Frequency:** Dealers with a turnover exceeding ₹1 crore were required to file their annual returns along with the audited financial statements.
- **Compliance Requirements:** Ensure proper documentation and adherence to the requirements specified under the DVAT Act for accurate reporting and compliance.

If you were operating under the DVAT Act during FY 2009-10, it was crucial to comply with these limits to avoid any issues with tax authorities. For accurate and detailed information, referring to the specific DVAT guidelines or consulting with a tax professional would have been beneficial.