After the applicability of Revised Schedule 6, i.e schedule word replaced by notes. Is it same for Electricy, Bankng And Insurance. I mean will notes word be used in balance sheet and p/l of banking company or schedule?
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Banking company
Replies (3)
revised shedule vi is not applicable to banking and insurance company as they have their specific regulatoion act.. you have to prepare it as per their specific rule.
not applicable to banking, insurance and electricity companies
no such notification about changing the names of banking, electricity and insurance formats i.e. the schedules has yet been provided...
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