Limit of balance sheet for Mall Owners The threshold limit of balance sheet for mall owners refers to the specific financial benchmark that mall owners aim to achieve or stay within when reporting their financial position. This limit is typically set to ensure the financial stability and viability of the mall’s operations. It’s important… Read More »
Limit for Balance Sheet The threshold limit for balance sheet reporting varies depending on the nature of the business. For Architectural, Engineering, and Surveying Services in India, the threshold limit determines whether the business is required to get its accounts audited under the Income Tax Act. 1.Threshold Limit Explanation: In the context of Architectural,… Read More »
Balance Sheet for Automotive Repairs The threshold limit for the Balance Sheet for Automotive Repairs is the minimum financial requirement that businesses, including automotive repair services in India, must meet before they must prepare and submit a detailed balance sheet. This limit is typically determined based on the total turnover or gross receipts of… Read More »
Balance Sheet Threshold for Organizations The threshold limit for balance sheet reporting varies for different types of organizations in India. Non-profit organizations, including charitable and social service entities, have specific requirements based on their annual income and activities. For organizations, charitable trusts, and social service entities in India, the threshold limit for balance sheet… Read More »
Balance Sheet Threshold for Hospitals The balance sheet threshold limit for hospitals in India is a financial benchmark that determines whether a hospital required to prepare and file a balance sheet. In general, all businesses, including hospitals, are required to prepare and file balance sheets if their total income exceeds a specified threshold limit.… Read More »
Balance Sheet for Dental and Medical The threshold limit of balance sheet for dental and medical reporting varies based on the type of entity and its turnover. For Dental and Medical Laboratories in India, if the turnover exceeds ₹1 crore during the financial year, they are requir to get their accounts audit under Section… Read More »