Funds transferred to pms

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Priyanka Mahajan (Querist)
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30 August 2011 HI,

Please let me know where the funds transferred to PMS(Portfolio Management Services) should be shown in Schedule VI

CA SATBIR SINGH SAINI

CA SATBIR SINGH SAINI (Expert)
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02 September 2011 Yes because It is investment and it should be shown in Scdedule VI.

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Priyanka Mahajan

Priyanka Mahajan (Querist)
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02 September 2011 but please let me know, the cash which have not veen invested by the PM should be added back to our cash in hand?

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Sumit

Sumit (Expert)
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01 December 2011 Hi,

The same must be shown as an Investment in Schedule VI and the cash not yet invested is not required to be added back to the cash in hand since cash in hand will reduce only when you invest.

Samjhi Madam

regards

CA Sumit Aggarwal