For the purpose of attaching financial statements along with form 3CB-3CD in tax audit of a non-corporate entity, what should be the format of the financial statements, the vertical format or the T-format?
6 Replies
sabyasachi mukherjee
(27574 Points)
Replied 22 September 2023
The format of financial statements are very peculiar.
rile 3cd.
ping me
rile 3cd.
ping me
Ashwin Kumar
(CA ipcc)
(449 Points)
Replied 22 September 2023
If it's a company. then schedule vi. if others like sole proprietor or partnership, T format is enough
sabyasachi mukherjee
(27574 Points)
Replied 22 September 2023
Since Mr. Roy has not mentioned.
schedule iiias per companies act 2003.
schedule iiias per companies act 2003.
Radhey Shyam Jha
(Student)
(1616 Points)
Replied 25 September 2023
You may refer "Guidance Note on
Financial Statements of
Non-Corporate Entities" issued by ICAI
Financial Statements of
Non-Corporate Entities" issued by ICAI
sabyasachi mukherjee
(27574 Points)
Replied 28 September 2023
Guidance note is not required. It's available in the Act.
Ashwin Kumar
(CA ipcc)
(449 Points)
Replied 13 October 2023
You don't even know what entity he is referring to
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