Revised schedule vi
This query is : Resolved
05 August 2012
Do we have to redraft the Balance Sheet P&L A/c of previous year also as per the Revised Schedule VI Format?
05 August 2012
Yes, the corresponding amounts for the immediately preceding reporting period for all items including notes shall also be given in revised schedule vi format.
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SANYAM ARORA
(Expert)
05 August 2012
Yes you will have to do the same
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19 August 2012
Please clarify a small confusion. As per revised schedule VI, only format of Financial Statements are changed and rest other reports are same as per old format/guidelines? Eg: I prepare B.S. P.L.A/c as per rev Sch VI but Auditors Report, CARO, Directors Rep, Notice of AGM are all as per old format?
What all to be prepared except to it?
What all to be prepared except to it?
22 July 2025
Great question! Here’s the clarification regarding Revised Schedule VI and related reports:
Revised Schedule VI changes only the format and presentation of the Balance Sheet and Profit & Loss Account.
All financial statements for the current and previous year (comparatives) must follow the revised format.
Other reports like the Auditor’s Report, CARO (Companies Auditor’s Report Order), Directors’ Report, Notice of AGM, etc., continue to be prepared as per the existing old format until any specific notification mandates their change.
Summary:
Redraft Balance Sheet and P&L A/c (including comparatives) as per revised Schedule VI format.
Other reports and documents remain in the traditional format unless notified otherwise.
Revised Schedule VI changes only the format and presentation of the Balance Sheet and Profit & Loss Account.
All financial statements for the current and previous year (comparatives) must follow the revised format.
Other reports like the Auditor’s Report, CARO (Companies Auditor’s Report Order), Directors’ Report, Notice of AGM, etc., continue to be prepared as per the existing old format until any specific notification mandates their change.
Summary:
Redraft Balance Sheet and P&L A/c (including comparatives) as per revised Schedule VI format.
Other reports and documents remain in the traditional format unless notified otherwise.
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