Revised schedule vi applicability on parternership firms

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Sandesh Seth (Querist)
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20 September 2013 1. Is it necessory for a partnership firm of turnover above 10 crore to present final accounts as per revised schedule VI?

2. IF yes than is it necessory to firm to provide comparative figures of current year with previous year?

Please assist me as soon as possible

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 September 2013 Sandesh,

Schedule VI/revised Schedule VI applies to companies.

So where does the question of application to partnership firm arise?

therefore answer to both the question is NO.

Sandesh Seth

Sandesh Seth (Querist)
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22 September 2013 Thanks for help

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