Rounding Off Figures inFinancial Statements of Companies

Do we have to prepare 2 sets of financial statements for the purpose of rounding off? Because for UDIN purpose and ITR, needs absolute values.
 

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Quick Summary
This discussion addresses the necessity of preparing two sets of financial statements when rounding off figures. It clarifies that separate statements are required because certain purposes, like UDIN and ITR filings, necessitate absolute, unrounded values. An attached news item confirms this requirement.

Yes, you have to, unfortunately.

See attached news item.

 

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