Un-audited BS

Hi Shweta,

Nothing different in this regard for a Private Company. The Balance Sheet and annual accounts of a Company necessarily need to be the audited before they are filed.

Thanks & Regards

Amit Mishra

BSamrish & Co

New Delhi 

no                                                      

As per Sec 216 and 218, The BS of company shall be accompanied by the 

i) Profit and Loss Account

ii) The Auditors report

iii) Board Report 

iv) Statements to be attached to the BS u/s 212

As such where the accounts are not audited it would result into contravention of these Provisions

I agree with Prasad...According to the provisions of Companies Act, 1956...the final accounts of  private limited company needs to submitted alongwith P&L, BS, auditor's report but in case the private limited company does not have a turnover to attract section 44 AB of Income Tax Act, 1961 then it is not necessary to file audited balance sheet. It has to file the BS with current and previous year figures. As in shweta's case it is its first BS, then only current year figures will do.

Every Company Registered under Companies Act should get their books of accounts Audited

Irrespective of their turnover, it has nothing to do with Tax Audit Provisions

Moreover the Audit report also, not tax audit report, its the statutory Audit Report required under companies Act 1956

No Exemptions to Private Company

i believed it to be the case of tax audit....otherwise what ever prakash told is correct...auditor's report is required to be filled along with final accounts of a private limited company

No once company forms it should be audited

YES I AGREE WD EVRY1,EVN A PVT COM HAS 2 FILE AN AUDITD B/S AT D AGM.............NO XEMPTIONS 4 A PVT COMPANY..............