WebApr 28, 2024 · Amendments in Schedule III of the Companies Act, 2013 are as follows:-. 1. Rounding Off: It is an option to do rounding off of figures till the financial year ended … WebApr 12, 2024 · The following changes have been notified in Schedule III of the Companies Act, 2013: 1. Earlier companies had to round off the figures appearing in the financial statements based on “turnover”; however, based on the latest amendment rounding off will be based on the “total income” of your company. 2. The notes under the balance sheet ...
Changes in Schedule-III of the Companies Act, round off figure in BS
WebJun 23, 2024 · Rounding off of the financial statements as per amendment in schedule III to the Companies act, 2013 Dated March 24, 2024. ... If a company's total income is 95 crores, can it round off to the nearest hundreds or it should be rounded off necessarily to the nearest lakhs or millions?? Kindly advise. radio opole kontakt
Schedule III of the Companies Act, 2013 - taxguru.in
http://corporatelawreporter.com/companies_act/schedule-3-of-companies-act-2013-general-instructions-for-preparation-of-balance-sheet-and-statement-of-profit-and-loss-of-a-company/ WebSep 19, 2024 · SCHEDULE III (ADDITIONAL REQUIREMENTS W.E.F. 01 .04.2024) [Division I of Schedule III: Financial Statements for a company whose Financial Statements are required to comply with the Companies (Accounting Standards) Rules, 2006] hence it is not practicable to rounding off as those figures may vanish. WebSep 16, 2024 · Amended Schedule III to the Companies Act, 2013- mandatory but very flexible manner of rounding off allowed is not proper. More slabs and uniform rounding … radio op top