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 ?

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

22 August 2013 Yes it should be disclosed under non current assets.

22 August 2013 Thank you very much sir.


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