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Classification of advances from related parties

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(Querist)
21 October 2012 i want to know in revised schedule vi where to classify advances from related parties, whether as short term or long term borrowings
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
22 October 2012 Advances from Related Parties should be classified depending upon the the Repayment Terms or intention to pay within the Operating Cycle

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