2019-20 RE: [CSMysore] Cash Flow Applicability
Chandravijay Shah & Co. Gmail Main
2019-20, the Year in which Turnover has exceeded INR 2 Crore.
In 2020-21, the Amount of Turnover of that Year will decide the applicability or otherwise of CFS.
From: csmy...@googlegroups.com [mailto:csmy...@googlegroups.com] On Behalf Of Manisha Bajaj
Sent: 16 December 2020 16:38
To: csmy...@googlegroups.com
Subject: Re: [CSMysore] Cash Flow Applicability
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??
On Wed, Dec 16, 2020 at 3:04 PM Venkatesh Prabhu <venkates...@gmail.com> wrote:
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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Thanks & Regards,
Manisha Bajaj & Associates
Company Secretaries
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Manisha Bajaj
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