Dear Sir,
I have a query regarding applicability of CASH FLOW STATEMENT in case of Pvt. Ltd. Company and Proprietorship concern.
What is threshhold limit ?
Query : Pvt. Ltd. Company having Paid Up Capital Rs. 10 Lac.
And Turnover in FY 19-20 Rs. 17 CR.
Is Cash Flow Statement is mandatory to be prepared in this situation ?
Private Company if Non Small need to prepare cash flow statement.
Prop no need to prepare cash flow statement.
Dear Sir whether my company (As per above stated figure) is covered under small company definition or not for FY 20-21 ?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
