17 June 2017
What is the difference between schedule III and Revised Schedule III..
I am preparing Financial Statements for the year ended 31.3.2017..
Please tell what is the difference between old and new Schedule..
18 June 2017
Seems schedule III is not REVISED. But disclosure of 'specified bank notes' transactions has to be shown in the 'notes on accounts' for the year ended 31-3-2017. For further details, please see https://corporatelaws.taxmann.com/topstories/104010000000050533/companies-to-disclose-demonetization-transactions-in-balance-sheet-and-audit-report-mca.aspx
18 June 2017
Sir, what is the criteria for rounding off, if turnover below 100 Crore..
And is there any other compliance for preparing financial statements for the year ended 31.3.2017..
CAclubindia
