16 January 2010
Also foot nore of clause 3 reads as under; 9[Provided that any item under which the expenses exceed one per cent of the total revenue of the company or Rs. 5,000 whichever is higher shall be shown as a separate and distinct item against an appropriate account head in the Profit and Loss Account and shall not be combined with any other item to be shown Under "Miscellaneous expenses".]
There is no fixed format for profit & loss a/c in Schedule VI.
We can only suggest but take ur own decision on it.