Revised schedule vi

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Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2012 Can any one send me the final format of revised schedule VI (including notes)

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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06 April 2012 You can download the same from the files section.

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Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2012 is there any changes in disclosure of capital work in progress under fixed assets

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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22 July 2025 Under Revised Schedule VI, Capital Work in Progress (CWIP) is disclosed separately under Fixed Assets as a distinct line item. This is different from the old Schedule VI, where CWIP was often shown as part of fixed assets but not clearly segregated.

Key points about CWIP disclosure under Revised Schedule VI:
CWIP should be shown separately under the head Fixed Assets in the Balance Sheet.
It reflects capital expenditure incurred on assets not yet ready for use.
This segregation improves transparency by clearly distinguishing between assets in use and those under construction.
So, yes — there is a change:
Earlier: CWIP may have been lumped under Fixed Assets without separate disclosure.
Now: CWIP is presented as a separate sub-head under Fixed Assets.

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