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Please help cash flow applicability

Ankush (Student) (1309 Points)

08 October 2021

For FY 20-21 Audit when will it be applicable to private co? What's the small co definition applicable for FY 20-21 on the basis of which cash flow applicability has to be determined?

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prasad Nilugal ( GST Practitioner & Accounts ) (14151 Points)
Replied 08 October 2021

Small companies for F.Y 20-21 refer section 2(85) of the companies act 2013 , however definition of small company has been changed w.e.f 1/4/2021 applicable for F.Y 21-22.

prasad Nilugal ( GST Practitioner & Accounts ) (14151 Points)
Replied 09 October 2021

As per section 2(40) of the Companies Act 2013 , Cash Flow statement not required for Small Companies , please confirm with any amendments . Refer section 2(40) of the Companies Act 2013.