https://www.taxtmi.com/forum/issue?id=2322 It is not required to prepare financial statements in thousands for a company whose turnover is below the threshold merely because its holding company has larger turnover. The operative rule is the rounded off provision in Schedule VI, Note No.3 of Part I, which permits rounding of figures in financial statements and governs presentation. en-us Wed, 27 Oct 2010 11:54:46 +0530 Thu, 23 Jan 2025 15:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2322 It is not required to prepare financial statements in thousands for a company whose turnover is below the threshold merely because its holding company has larger turnover. The operative rule is the rounded off provision in Schedule VI, Note No.3 of Part I, which permits rounding of figures in financial statements and governs presentation. Discussion-Forum Companies Law Wed, 27 Oct 2010 11:54:46 +0530 https://www.taxtmi.com/forum/issue?id=2322