close Change the way you learn with CCI Online Coaching   view more
Home > Experts > Others > Schedule vi new format


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Schedule vi new format (Others)

Report Abuse
This query is : Resolved


( Author )
03 August 2012

As per Schedule vi (revised)
Revenue from operations includes:
-Sale (Manufacturing/Retail)
-Service

Now, my question is, if Income from House Property is the main source of income of a business then where it will be shown ?
In income from operating activities
or
In income from non-operating activities ?


CA Manoj Kumar Rai

( Expert )
04 August 2012

Dear piyush,

In revised schedule A S override the format.If main activity is renting the property , rent will be income from operating activity . here key word is 'main source of income'.In this situation as perAS-3,it will beincome from operating activity.


PIYUSH SINGLA

( Author )
04 August 2012

AS-3 talks about Cash Flow statements.
Please enlighten me more on this particular issue.



Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :






submit










Quick Links