A company had a CWIP last year. Due to some event the same was not capitalised and has been written off. Under which head this writting off to be shown in Sch VI?
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Disclosure issue
Replies (2)
it will be shown as capital work in progress under the head fixed asset as :
Gross block :
less deprecitaion :
net Block :
add Capital work in progress
no deprecitaion will be charged on capital work in progress
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