Schedule vi
This query is : Resolved
30 April 2008
where will fixed deposits with banks be clubbed under the schedule vi to the companies act,1956?
CA Hemant T Dewani
(Expert)
30 April 2008
if fixed deposits is made it is under invenment is taken
01 May 2008
in schedule vi there is nothing mentioned about the classifiation of fixed deposit.. how can you say that it will be classified under investments?
CA. Yayati Tyagi
(Expert)
01 May 2008
Fixed deposit with banks are to be classified under "Current Assets" under heading "Cash and Bank balances". There you put all accounts with banks, F.D. and cash in hand.
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