Revised schedule vi

This query is : Resolved

vibhor (Querist)
Follow

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?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

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

SANYAM ARORA

SANYAM ARORA (Expert)
Follow

05 August 2012 Yes you will have to do the same

Message likes : 1 times

vibhor

vibhor (Querist)
Follow

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?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now