ICAI mandates new financial formats for Non-Corporate Entities from FY 2024–25. Here’s what every sole prop, trust & NGO needs to know.
ICAI’s new Guidance Note for Non-Corporate Entities is now LIVE.
▶️ Applies from 1 April 2024
▶️ Covers sole props, HUFs, trusts, RWAs
▶️ Auditor must flag any non-compliance
▶️ Old 2022 guide is now superseded
FAQs on Guidance Note on Financial Statements of Non-corporate Entities.
