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CA SONIYA AGARWAL Querist Follow.
Companies act p and l format. 01042014 which include the sections regarding the financial statements of the. Profit and Loss as per Schedule III for Trading Companies and Service Providers. Where the directors of a company take advantage of the exemption conferred by section 480 of the 2006 Act dormant companies.
The format of statement of profit and loss account of a company is prescribed in part II of schedule III of The Companies Act 2013 as follows. Keeping this in view Revised Schedule VI may be followed by such companies till the time any other format. 6 2016 by Teachoo.
NAME OF THE COMPANY. It is also provided that the financial statements shall be prepared in the form provided in new schedule III of Companies Act 2013. As well as domestic State and Federally Chartered Commercial and Savings Banks mortgage banks and investment banks have been and continue to be among C Ls clients.
In the case of companies income tax is an expense but in the case of a sole proprietor it is his personal expense. Alsothere is no trouble of finding whether an expense is Direct or. Items not shown in Profit and Loss Account Format.
25 February 2015 I need excel sheet of schedule ii depreciation calculation sheet as per companies act 2013. Where compliance with the requirements of the Act including Accounting. Dormant companies acting as agents.
Last updated at Dec. The Profit and Loss Account of a Company should give a true and fair view of the profit or loss of the Company for the financial year. Exemption from audit and the company has during the financial year in question acted as an agent for any person the fact that it has so acted must be stated.
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