Revised schedule vi
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2012
How to bifurcate Investment in Revised Schedule VI
13 October 2012
To be bifurcated as -
i) Non- current investments AND / OR
ii) Current investments.
For the purpose of the above, if the investment satisfies any of the following criteria, it may be grouped under current investment.
a) it is expected to be realised with in the normal operating cycle of the company.
b) it is held for being traded.
c) it is expected to be realized with in 12 months.
If none of the above condition's is satisfied, that investment may be treated as non-current investment.
i) Non- current investments AND / OR
ii) Current investments.
For the purpose of the above, if the investment satisfies any of the following criteria, it may be grouped under current investment.
a) it is expected to be realised with in the normal operating cycle of the company.
b) it is held for being traded.
c) it is expected to be realized with in 12 months.
If none of the above condition's is satisfied, that investment may be treated as non-current investment.
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