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CASH FLOW APPLICABILITY

1606 views 4 replies

SUNIL SULTANIA

5 Points Posted on 14 August 2021

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 ?

Replies (4)

CS Divesh Goyal

Practicing Compnay Secretary

53960 Points Posted on 16 August 2021

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

CS Divesh Goyal

Practicing Compnay Secretary

53960 Points Posted on 16 August 2021

Prop no need to prepare cash flow statement.

SUNIL SULTANIA

5 Points Posted on 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

Professional

1979 Points Posted on 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...