Please explain the meaning of following line mentioned in guidelines of revise schedule vi.
I m confused basically in the words " Does not have" and "unconditional".
Thankx in advance
It means that the co. should have not any unconditional right to deffer the payment more than 12 month .
The co. cant deffer the payment more than 12 month. It should be unconditional i. e. without interest, or any condition.
It means that the co. should have not any unconditional right to deffer the payment more than 12 month .
The co. cant deffer the payment more than 12 month. It should be unconditional i. e. without interest, or any condition.
Aggarwal Sarawagi and Co
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CAclubindia
