Preliminary expenditure under revised schedule vi
This query is : Resolved
22 August 2013
Sir,
I want to know the treatment of preliminary expenditure (misc exps to the extent not written off) in revised schedule vi format ?
I want to know the treatment of preliminary expenditure (misc exps to the extent not written off) in revised schedule vi format ?
22 August 2013
Can disclose the unamortised portion of such expences as "Prelimenary-preoperation expences" under the head "Other Non Current Assets"
Reference: Guidence note on revised schedule VI
Reference: Guidence note on revised schedule VI
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22 August 2013
Yes it should be disclosed under non current assets.
Message likes :
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22 August 2013
Thank you very much sir.
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