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Applicability of revised schedule vi

Keshav Kumar (Article Cleark) (24 Points)

13 December 2013

Dear Sir's/Students,

Kindly let me know regarding applicability of Revised schedule VI. My Question is that "Does revised schedule VI applicable to an Condominium Association registered under Society Registration Act". ?? Is it so den kinldy inform me at (kumar.keshav52 @ gmail.com) at the earliest possible.

Regards,

Keshav Kumar

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Sanket (!..Live to Give..!) (16427 Points)
Replied 13 December 2013

All companies whether private or public, whether listed or unlisted, and irrespective of their size in terms of turnover, assets, etc. will have to adhere to the new format of financial statements from 2011-12 onwards. Many small or family-owned companies which are run as an extension of partnerships will have difficulties in adopting the new formats since they may not have the necessary trained manpower or infrastructure for such changeover.