Revised schedule vi
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2013
Dear Sir...
i have to make a projected balance sheet for granting a bank loan plz tell me whether revised schedule vi is applicable for Individual's Balance Sheet or not.
i have to make a projected balance sheet for granting a bank loan plz tell me whether revised schedule vi is applicable for Individual's Balance Sheet or not.
Hitendra Jain
(Expert)
20 January 2013
Schedule VI is requirement of the Companies Act, 1956 and applicable only to the companies and not to an Individual.
For projected Balance Sheet no statutory format is needed but for analysis point of view you can extend the figure for next year in the current format.
For projected Balance Sheet no statutory format is needed but for analysis point of view you can extend the figure for next year in the current format.
deepali agarwal
(Expert)
24 January 2013
That means if we are making a projected balance sheet of a company then we dont have to follow Revised Schedule vi..........
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Hitendra Jain
(Expert)
24 January 2013
Projected data prepared for finance are the financial view point of the management within which a financial institution seek the eligibility and assurance the return to be sufficient for cost of finance.
deepali agarwal
(Expert)
25 January 2013
I know but question is that whether it is to be prepared in schedule vi format in....
26 July 2013
Yes I agree with the expert
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