Revised schedule vi
This query is : Resolved
05 August 2012
Do we have to redraft the Balance Sheet P&L A/c of previous year also as per the Revised Schedule VI Format?
05 August 2012
Yes, the corresponding amounts for the immediately preceding reporting period for all items including notes shall also be given in revised schedule vi format.
Message likes :
1 times
05 August 2012
Yes you will have to do the same
Message likes :
1 times
19 August 2012
Please clarify a small confusion. As per revised schedule VI, only format of Financial Statements are changed and rest other reports are same as per old format/guidelines? Eg: I prepare B.S. P.L.A/c as per rev Sch VI but Auditors Report, CARO, Directors Rep, Notice of AGM are all as per old format?
What all to be prepared except to it?
What all to be prepared except to it?
22 July 2025
Great question! Here’s the clarification regarding Revised Schedule VI and related reports:
Revised Schedule VI changes only the format and presentation of the Balance Sheet and Profit & Loss Account.
All financial statements for the current and previous year (comparatives) must follow the revised format.
Other reports like the Auditor’s Report, CARO (Companies Auditor’s Report Order), Directors’ Report, Notice of AGM, etc., continue to be prepared as per the existing old format until any specific notification mandates their change.
Summary:
Redraft Balance Sheet and P&L A/c (including comparatives) as per revised Schedule VI format.
Other reports and documents remain in the traditional format unless notified otherwise.
Revised Schedule VI changes only the format and presentation of the Balance Sheet and Profit & Loss Account.
All financial statements for the current and previous year (comparatives) must follow the revised format.
Other reports like the Auditor’s Report, CARO (Companies Auditor’s Report Order), Directors’ Report, Notice of AGM, etc., continue to be prepared as per the existing old format until any specific notification mandates their change.
Summary:
Redraft Balance Sheet and P&L A/c (including comparatives) as per revised Schedule VI format.
Other reports and documents remain in the traditional format unless notified otherwise.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG FOR GOLD ETFs
- Loan by Partnership Firm
- E way bill for tractors
- Plot of land. Cost of Acquisition
- Last year TDS Claim
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
