Format of financial statements in tax audit

For the purpose of attaching financial statements  along with form 3CB-3CD in tax audit of a non-corporate entity, what should be the format of the financial statements, the vertical format or the T-format?

Replies (6)
Quick Summary
This discussion addresses the required format for financial statements when attaching them to Form 3CB-3CD for tax audits of non-corporate entities. Participants debate whether a vertical format or a T-format is appropriate. The consensus leans towards adhering to Schedule VI or Schedule III of the Companies Act, depending on the entity type, with a mention of the ICAI's Guidance Note on Financial Statements of Non-Corporate Entities as a reference.

The format of financial statements are very peculiar.
rile 3cd.
ping me
If it's a company. then schedule vi. if others like sole proprietor or partnership, T format is enough
Since Mr. Roy has not mentioned.
schedule iiias per companies act 2003.
You may refer "Guidance Note on
Financial Statements of
Non-Corporate Entities" issued by ICAI
Guidance note is not required. It's available in the Act.
You don't even know what entity he is referring to

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