banner_ad

Notes on accounts to firm!!! Very Urgent Sir!!

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 August 2010 Dear Experts,
Is it necessary to put notes on accounts to a firm which has to be tax audited if it is a level II firm?
I thought that notes on accounts is necessary only for companies.
Please also provide me as per which section or circular (i.e. legal back up) notes on accounts is necessary even for level II firms.
With regards,
Rajesh.
Profile Image

Arun

Profile Image

Arun (Expert)
27 August 2010 Notes to accounts required under Schedule VI of Companies Act , further to my knowledge Companies Act appilicable to Companies not to Firms if that is the case compliance with Notes to account is not necessary.
Profile Image

CA Ketan Jain

Profile Image

CA Ketan Jain (Expert)
27 August 2010 I am completely agree with Arun. There no requirement of preparing notes to accounts in case of firms.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details