Revised sch vi
This query is : Resolved
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.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Can partnership firm show income under 44ad
- Banking Related Issue
- Rental income of jointly held property
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
