Revised schedule vi
This query is : Resolved
rajesh kumar tak
(Querist)
02 September 2012
Respected members tell me about revised schedule it is applicable on companies but an individual wants to voluntary prepare his balance sheet and P&L accounts according to said schedule.can he do this
Rathin Roy
(Expert)
03 September 2012
There is no prescribed format for Individuals so any format including Schedule VI can be used, though this is not the practice and much simpler formats can be used.
CA CS Ravi Mehata
(Expert)
10 October 2012
Individual are free to opt any method
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