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Profit and loss format (Schedule III)

A statement of profit and loss laid out on the Schedule III headings used by Indian companies, simplified for small businesses. Enter your figures and print it.

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Statement of Profit and Loss for the year ended ____

Income

Total income (I + II)₹0.00

Expenses

Total expenses₹0.00
Profit before tax₹0.00

Tax expense

Profit (loss) for the year₹0.00

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Frequently asked questions

What is Schedule III?

Schedule III to the Companies Act, 2013 sets the format for a company's balance sheet and statement of profit and loss. Many proprietors and firms use the same headings for clarity.

Is this format mandatory for a proprietorship?

No. Schedule III applies to companies. Proprietors and partnership firms can use it voluntarily; lenders and CAs often prefer it.

Sources

GST rules change. Check the current position at the official source before you file or pay.

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    Profit and Loss Format (Schedule III): Free Template | HelloBooks