Cash Flow Applicability

[Manisha Bajaj]

A company's turnover exceeded 2 cr. in FY 2019-20. Will cash flow be applicable to it for FY 2019-20 or for FY 2020-21??

[Venkatesh Prabhu]

Private limited company with paid up share capital of less than 50 lakh rupees or such higher amount as may be prescribed (not exceeding 5 crore ruppes) or with a turnover of less than 2 crore rupees or such higher amount as may be prescribed (not exceeding 20 crore rupees) is not required to prepare cash flow statements while preparing financial statements at the end of the financial year or say Cash Flow Statement is not applicable to Such Companies.

On Wed, 16 Dec 2020, 2:13 pm Manisha Bajaj, <manisha...@gmail.com> wrote:

A company's turnover exceeded 2 cr. in FY 2019-20. Will cash flow be applicable to it for FY 2019-20 or for FY 2020-21??

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[Manisha Bajaj]

Yes but if  company's turnover exceeded 2 cr. in FY 2019-20, will cash flow be applicable to it for FY 2019-20 or for FY 2020-21??

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Thanks & Regards,

Manisha Bajaj & Associates

Company Secretaries

[Manish Saini]

YES. For FY 2019-20. Cash flow is to be prepared. 

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[Manisha Bajaj]

Thank you for your views....

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