Fwd: Accounting Standards - Applicable for entities required to get only Tax Audit

[Sunil MALOO]

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Thanking You,

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Sunil MALOO | Partner

+91-9173032720​

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Surana Maloo & Co. | Chartered Accountants
2nd Floor, Aakashganga Complex

Parimal Under Bridge, Paldi,

Ahmedabad - 380007 Gujarat (India)
+91-79-26651777/8
www.suranamaloo.com | www.suranamaloo.blogspot.in

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---------- Forwarded message ----------
From: Income Tax Surana Maloo <inco...@suranamaloo.com>
Date: Thu, Apr 19, 2018 at 5:50 PM
Subject: Accounting Standards - Applicable for entities required to get only Tax Audit
To: "it.audit Suranamaloo" <audi...@suranamaloo.com>, Anil Agrawal <au...@suranamaloo.com>, article Content <art...@suranamaloo.com>, Income Tax Surana Maloo <inco...@suranamaloo.com>
Cc: Sunil Maloo <sunil...@suranamaloo.com>, CA Vidhan Surana <vidhan...@suranamaloo.com>, Harsh Surana Maloo <ha...@suranamaloo.com>, "S. D. Patel" <sdpate...@yahoo.com>

Dear All,

As discussed with Surana Sir and Sunil Sir, mandatory accounting standards in case of all non-corporate entities needs to be strictly followed depending on classification into level 1, level 2 and level 3 entities, since for tax audit purpose also all applicable standards issued by ICAI to be followed. 

Also all disclosure requirements have to be followed, in particular cash flow statement in case of level 1 non corporate entities (JVs, Partnerships, etc)

For reference, applicable accounting standards for all entities is attached herewith

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Requested to ensure that Information sought is sent as early as possible (not later than 24 hours) to enable us to discharge our function in an efficient and timely manner.

Thanking You,

CA Zeel Salot

Surana Maloo & Co.

Chartered Accountants.

2^nd Floor, Aakashganga Complex,

Parimal Under Bridge,

Nr. Suvidha Shopping Centre,

Paldi, Ahmedabad - 380007

079- 26651777/78