Menu
Ind as in income tax return 6
In ITR 6 there are now Two Balance Sheet and Two P & L : One Regular and One for a company whose financial statements are drawn up in compliance to the Indian Accounting Standards specified in Annexure to the companies (Indian Accounting Standards) Rules, 2015].
And In ITR there is also one detail asked :-
Whether the financial statements of the company are drawn up in compliance to the Indian Accounting Standards specified in Annexure to the companies (Indian Accounting Standards) Rules, 2015? Yes/No.
So what if company is Pvt Ltd Company having annual turnover below 20 crore need to comply this?
Replies (1)
The government has executed phase-wise convergence of IND AS for ease of operations.
As per the criteria given it won't be applicable to the said private limited company if the networth is less than 250 crores and its and NON-NBFC company.
(Phase IV execution)
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
