An Unbiased View of 2013 cash
An Unbiased View of 2013 cash
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(iv) Period of time and volume of default as within the equilibrium sheet date in repayment of financial loans and interest, shall be specified separately in Every situation.
.—For your reasons of the area, other than wherever the context otherwise necessitates, any reference towards the economical statement shall include things like any notes annexed to or forming Element of these types of money assertion, offering information and facts needed to be supplied and allowed to be presented in the form of this sort of notes under this Act.
But we must mention it additional. Only when we identify the Desire is basically hollow can we begin to do one thing about this. Progressive taxation is not any substitute for true guidelines to deal with it.
Similarly, the stability of ‘Other Fairness’, just after changing damaging harmony of retained earnings, if any, shall be proven beneath the head ‘Other Fairness’ regardless of whether the resulting figure is in the damaging; and
4. An entity shall disclose the list of subsidiaries or associates or joint ventures that have not been consolidated inside the consolidated economic statements combined with the motive of not consolidating.
(v) particulars of any redeemed bonds or debentures which the corporation has electrical power to reissue shall be disclosed;
A reconciliation of your gross and Internet carrying quantities of Each and every course of property firstly and conclude of the reporting period of time demonstrating additions, disposals, acquisitions by way of business mixtures and other adjustments as well as related depreciation and impairment losses or reversals shall be disclosed individually.
Throughout the last yr, quickly food stuff personnel across the country have arranged a number of one-day strikes, drawing awareness to a substantial challenge: Quite a few Us residents who do the job Really don't make a dwelling wage. [Graph by way of EPI]
(ii) A reconciliation in the gross and net carrying quantities of Every single class of belongings firstly and close with the reporting time period showing additions, disposals, acquisitions by organization combinations as well as other changes as well as the associated amortization and impairment losses or reversals shall be disclosed independently.
(e) the legal rights, preferences and constraints attaching to every class of shares like limits within the distribution of dividends and the repayment of money;
The aforesaid disclosures for ‘total complete revenue’ shall also be created inside the statement of adjustments in equity. Along with the disclosure specifications inside the Indian Accounting Specifications, the aforesaid disclosures shall also be made in regard of ‘other detailed profits’.
Investments in partnership corporations in addition to names with the corporations, their associates, total money more info along with the shares of each and every partner shall be disclosed separately.
Share application cash into the extent not refundable shall be proven underneath the head Equity and share application revenue for the extent refundable shall be independently proven underneath ‘Other monetary liabilities’.
The corporation shall give facts of any transactions not recorded while in the books of accounts which has been surrendered or disclosed as revenue throughout the calendar year while in the tax assessments under the Profits Tax Act, 1961 (including, look for or survey or another appropriate provisions from the Profits Tax Act, 1961), Unless of course there is immunity for disclosure beneath any plan.