Applicability of revised sh vi
This query is : Resolved
02 June 2012
Sir,
Whether Revised Sh VI is applicable to company which is newly formed..if so,
then how can we give the corresponding comparative info preceeding the previous year..
Whether Revised Sh VI is applicable to company which is newly formed..if so,
then how can we give the corresponding comparative info preceeding the previous year..
02 June 2012
Revised schedule VI is applicable for all companies whose accounts are prepared from 1/4/2011. Therefore, if a company is incorporated in a day falling in financial year 2011-12, new schedule VI applies. Previous year figures need not and cannot be furnished for the first financials prepared since incorporation.
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