Revised sch vi
This query is : Resolved
DHAVAL R ASHAR
(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?
Pls advise whether rounding off is complusorily required in revised sch vi, whether it is applicable to small pvt.ltd companies also?
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.
However, if it opts for rounding off, it has to follow the procedure specified in Revised Schedule VI.
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.
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Capital Gains Tax on Inherited Mutual Fund
- TDS- 2026-27 Q1 Correction
- Gift to nri relatives residing in usa
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
