Funds transferred to pms
This query is : Resolved
Priyanka Mahajan
(Querist)
30 August 2011
HI,
Please let me know where the funds transferred to PMS(Portfolio Management Services) should be shown in Schedule VI
Please let me know where the funds transferred to PMS(Portfolio Management Services) should be shown in Schedule VI
02 September 2011
Yes because It is investment and it should be shown in Scdedule VI.
Message likes :
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Priyanka Mahajan
(Querist)
02 September 2011
but please let me know, the cash which have not veen invested by the PM should be added back to our cash in hand?
01 December 2011
Hi,
The same must be shown as an Investment in Schedule VI and the cash not yet invested is not required to be added back to the cash in hand since cash in hand will reduce only when you invest.
Samjhi Madam
regards
CA Sumit Aggarwal
The same must be shown as an Investment in Schedule VI and the cash not yet invested is not required to be added back to the cash in hand since cash in hand will reduce only when you invest.
Samjhi Madam
regards
CA Sumit Aggarwal
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