Revised schedule vi

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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.

Hitendra Jain

Hitendra Jain (Expert)
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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.

deepali agarwal

deepali agarwal (Expert)
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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

Hitendra Jain (Expert)
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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

deepali agarwal (Expert)
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25 January 2013 I know but question is that whether it is to be prepared in schedule vi format in....