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1. www.nseindia.com › trade › members-faqs-networthClarification on Networth Computation - NSE India

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   3 days ago · The term related party shall have the same meaning as given in clause 76 & 77 of Section 2 of Companies Act 2013 to be read with Rule 4 of the Companies (Specification and definition details) Rules, 2014. 5. Prepaid Expenses, losses. This shall include: Prepaid expenses and losses as per Balance Sheet / Trial Balance.

2. taxguru.in › company-law › prepare-annual-returnHow to Prepare Annual Return as per Companies Act, 2013 (MGT-7)

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   Sep 2, 2016 · TURNOVER AND NET WORTH OF THE COMPANY (AS DEFINED IN THE COMPANIES ACT. 2013) Turn Over: Turn over as on 31.03.2015: Statement of Profit & Loss account- Income side. Net worth: Net Worth as on 31.03.2015: Check Balance Sheet and Calculate as: As given in 2 (57) of Companies Act, 2013

3. People also ask

   How is net profit determined in the 2013 Act?

   • While the term ‘net profit’ has not been explained in section 135 of the 2013 Act, the same has been defined in the CSR Rules. Hence, on a harmonious reading of the 2013 Act and the Rules, we believe that determination of net profit (to determine coverage, as well as determination of spend/disclosure) should be made as follows:

   D’Prism A series on the Companies Act, 2013 - Deloitte United States

   www2.deloitte.com/content/dam/Deloitte/in/Documents/tax/D'Prism/in-tax-dprism-issue-2-noexp.pdf

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   What percentage of net profit should be re-calculated?

   • Two percent of average net profits (to be calculated in accordance with section 198). Dividend received from companies in India which are covered under and comply with the CSR requirements of the 2013 Act. Net profit relating to financial statements prepared as per the Companies Act, 1956 (‘1956 Act’) not required to be re-calculated.

   D’Prism A series on the Companies Act, 2013 - Deloitte United States

   www2.deloitte.com/content/dam/Deloitte/in/Documents/tax/D'Prism/in-tax-dprism-issue-2-noexp.pdf

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   What is net profit in a foreign company?

   • In the case of a foreign company, net profit is as per profit and loss account prepared in terms of section 381(1)(a) read with section 198 of the 2013 Act. While the term ‘net profit’ has not been explained in section 135 of the 2013 Act, the same has been defined in the CSR Rules.

   D’Prism A series on the Companies Act, 2013 - Deloitte United States

   www2.deloitte.com/content/dam/Deloitte/in/Documents/tax/D'Prism/in-tax-dprism-issue-2-noexp.pdf

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   Is net profit required to be recalculated under CSR rules?

   • The CSR Rules state that net profit relating to financial statements prepared under the 1956 Act shall not be required to be re-calculated as per section 198 of the 2013 Act. With respect to determination of net profit relating to financial statements prepared under the 1956 Act, net profit could mean: S. No

   D’Prism A series on the Companies Act, 2013 - Deloitte United States

   www2.deloitte.com/content/dam/Deloitte/in/Documents/tax/D'Prism/in-tax-dprism-issue-2-noexp.pdf

   See all results for this question

4. www2.deloitte.com › content › damD’Prism A series on the Companies Act, 2013 - Deloitte US

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   Rule 2(f) Net profit relating to financial statements prepared as per the Companies Act, 1956 (‘1956 Act’) not required to be re-calculated. Rule 2(f) In the case of a foreign company, net profit is as per profit and loss account prepared in terms of section 381(1)(a) read with section 198 of the 2013 Act.

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5. www.caclubindia.com › forum › networth-formula-asNetworth formula as per IndAS - Professional Resource | Practise

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   Jan 23, 2021 · Hi, Net worth shall have the same meaning as defined under section 2 (57) of the Companies Act, 2013. Net worth = (Total paid-up share capital + reserves out of profit + securities premium account) – (accumulated losses + expenditure + miscellaneous expenditures which are written off).

6. cleartax.in › s › net-worth-calculatorNet Worth Calculator: Calculate Your Net Worth Online Instantly

   cleartax.in › s › net-worth-calculator

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   Net Worth Calculation Formula is as stated below: Net worth = [Value of Asset 1 + Value of Asset 2 + Value of Asset 3 + Value of Asset N] - [Value of Liability 1 + Value of Liability 2 + Value of Liability 3 + Value of Liability N] Let us understand this formula in detail:

7. gbcaindia.com › adminpanel › images1. APPLICABILITY & ACCOUNTING PRINCIPLES OF INDIAN ACCOUNTING ...

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   The definition of “Net worth" is as per Section 2(57) of the Companies Act, 2013. As per the provisions, net worth means: Paid-up share capital (+) All Reserves created out of profits (excluding created out of revaluation of assets, write-back of depreciation and amalgamation) (+) Securities Premium Account (-) Accumulated losses (-) Deferred ...

8. live.icai.org › bos › vcc-2nd-batch-recorded-lecturesFINAL LEVEL PAPER 1: IND AS OVERVIEW

   live.icai.org › bos › vcc-2nd-batch-recorded-lectures

   Net worth – Definition [Section 2(57) of Companies Act, 2013] Net worth shall be calculated as per STANDALONE audited balance sheet of company as on 31 March 2014 or first audited financial statements for accounting period which ends after that date.