Income Statement Format As Per Schedule 3

6 2016 by teachoo remember profit and loss as shown in books of accounts is bifurcated into trading and p l.

Income statement format as per schedule 3. The vertical format of p l account. The horizontal format of p l account. Statement of profit and loss statement of changes in equity cash flow statement notes www taxguru in. Interim dividend at 5 on rs.

As per the amended schedule iii www taxguru in. Profit and loss as per schedule iii for trading companies and service providers last updated at dec. Preparation of cash flow statement as per traditional method solution. Bank deposits maturing after more than 12 months to be shown under.

Schedule 13 schedule 14 schedule 15 and schedule 16 respectively. Other files by the user. P l format 3 indian company. The profit and loss account of a banking company must be prepared as per form b of the act in vertical form like balance sheet.

As per the requirement of ind as 12 income taxes. It is divided into. Indian companies have to prepare the profit loss account as per schedule iii of companies act 2013. As per schedule iii of companies act 2013.

On 13 april 2015. Excel format of schedule iii as per companies act 2013 xlsx submitted by. 3 profit and loss. In india there are basically two formats of p l statements.

1 37 500 was paid in march 2001 by way of income tax. 2000 final on the capital on 31st december 2000 at 10 less tax at 25 2001 interim 5 per cent free of tax. Schedule xiii income. The requirements under schedule iii relating to ind as financial statements are to a large extent similar to those of the ifrs financial statements except for the fact that it specifies a bright line to disclose a note for any item of income or expenditure which exceeds 1 per cent of the revenue from operations or inr10 00 000 whichever is.