TMI BlogMAT - Preparation of Profit & Loss Account - [Sec. 115JB(2)]X X X X Extracts X X X X X X X X Extracts X X X X ..... e with the provisions of Schedule III to the Companies Act, 2013 or, (b) Every company, to which the second proviso to sub-section (1) of section 129 of the Companies Act, 2013 is applicable, shall, for the purposes of this section, prepare its statement of profit and loss for the relevant previous year in accordance with the provisions of the Act governing such company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds adopted for preparing such accounts including statement of profit and loss account the method and rates adopted for calculating the depreciation. shall correspond to the accounting policies, accounting standards and the method and rates for calculating the depreciation which have been adopted for preparing such accounts including statement of profit and loss for such financial y ..... X X X X Extracts X X X X X X X X Extracts X X X X
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