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Revised sch vi

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(Querist)
03 August 2012 Respected Experts,
Pls advise whether rounding off is complusorily required in revised sch vi, whether it is applicable to small pvt.ltd companies also?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
03 August 2012 Rounding off is NOT mandatory. The compamy can prepare Financial Statments with full figures.

However, if it opts for rounding off, it has to follow the procedure specified in Revised Schedule VI.
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JOYAL GEORGE

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JOYAL GEORGE (Expert)
04 August 2012 I also agree to what Mr. Siddhartha Bhardwaj said. As per the revised sch VI, rounding off is only a facility.
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