Schedule vi - rounding off
This query is : Open
15 September 2012
Sir,
Whether rounding off provision as mentioned in Schedule VI is mandatory or optional?
Please clarify
Whether rounding off provision as mentioned in Schedule VI is mandatory or optional?
Please clarify
CA CS Amit S. Kedia
(Expert)
15 September 2012
It is not compulsory to apply rounding off and a company can continue to disclose full figures. But, if the same is applied, the rounding off requirement should be complied with as per revised schedule VI.
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