Revised schedule vi applicability on parternership firms
This query is : Resolved
Sandesh Seth
(Querist)
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
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
(Expert)
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.
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
(Querist)
22 September 2013
Thanks for help
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