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SUNIL SULTANIA   14 August 2021

CASH FLOW APPLICABILITY

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 ?



 4 Replies

CS Divesh Goyal

CS Divesh Goyal (Practicing Compnay Secretary)     16 August 2021

Private Company if Non Small need to prepare cash flow statement.

CS Divesh Goyal

CS Divesh Goyal (Practicing Compnay Secretary)     16 August 2021

Prop no need to prepare cash flow statement.

SUNIL SULTANIA

SUNIL SULTANIA   16 August 2021

Dear Sir whether my company (As per above stated figure) is covered under small company definition or not for FY 20-21 ?

Chirag

Chirag (Professional)     17 August 2021

W. E. F. 1/4/2021 the definition of small company has changed, since you are concerning for FY20-21 ,threshold of 50Lacs of paid up capital or turnover of 2 Crore( 17 Crore) is breached, by the way for this current FY 21-22 ,You have to check details as of 31/03/21 and not of 31/3/20...

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