Misc exp

This query is : Resolved

Share Report Follow Query Ask a Query

Gaurav Barmera

Gaurav Barmera (Querist)
Follow

26 June 2010 pls explain what is the limit of amount to be debited under the head misc exp as per schedule 6

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

26 June 2010 Expenses less than 1% can be grouped under miscellaneous expenses.

As per schedule VI
Provided that any item under which the expenses exceed one per cent of the total revenue of the company or Rs. 5,000 whichever is higher shall be shown as a separate and distinct item against an appropriate account head in the Profit and Loss Account and shall not be combined with any other item to be shown Under "Miscellaneous expenses".]

Message likes : 1 times

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
Follow

26 June 2010 one per cent of the total revenue of the company
or
Rs. 5,000
----whichever is higher

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Naresh Dhawan

R Prabhudoss

Chnmaya parhi

RAGHUNATH KASIBHOTLA

jayaraman

Subscribe Now

Misc exp

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA