Revised Schedule VI

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Girish Sharma (Querist)
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12 April 2011 Hi all,

While going through the revised Schedule VI ,I got stuck for the disclosure of 2 items in The Schedule:
1) Preliminary & Pre-operative expenses to be shown under which head in B/s.
2) In case of NBFC, the finance made by company to its customers ranges between 3 to 5 years, where it will be shown under revised Schedule VI.

I just want to confirm that the said schedule is applicable from 01/04/2011, i.e.the B/s to be signed will be prepared as per Revised Schedule.

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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12 April 2011 Balance sheet as on 31.3.2012 will be prepared according to new schedule.

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