Revised schedule
This query is : Resolved
14 November 2012
Dear Sir
"In the Old Schedule VI, details of only capital commitments were
Required to be disclosed. Under the Revised Schedule VI, other commitments
Also need to be disclosed"
In the above sentence what is mean by other commitments. I want an example.
Thanks
nagaraju
"In the Old Schedule VI, details of only capital commitments were
Required to be disclosed. Under the Revised Schedule VI, other commitments
Also need to be disclosed"
In the above sentence what is mean by other commitments. I want an example.
Thanks
nagaraju
15 November 2012
Other commitments includes -
i) long term contracts for purchase of raw material,
ii) employee contracts,
iii) lease commitments
iv) contractual commitments for services, investments, sales etc.
Courtesy :- ICAI Guidance note.
i) long term contracts for purchase of raw material,
ii) employee contracts,
iii) lease commitments
iv) contractual commitments for services, investments, sales etc.
Courtesy :- ICAI Guidance note.
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