Please tell me treatment of Long Term Loans and Advances given / taken. in Cash Flow as per AS-3
Its Urgent ????????????????
ashish gupta
( student)
(1922 Points)
Replied 13 April 2012
It should be reflected in financing activities
CA Sachin Rastogi
(Audit/IFRS Manager)
(338 Points)
Replied 15 April 2012
Santosh please clarify from whom you are taking loans.
SamTK
(Chartered Accountant)
(194 Points)
Replied 17 April 2012
Financing Activities.
Operating Activities if you're the business of Financing.
Sachin Sir, how does the person from whom the loan is being taken/given to matter in a Cash Flow Statement? It may be disclosed separately but wouldn't it still come under the above-mentioned heads?
CA Sachin Rastogi
(Audit/IFRS Manager)
(338 Points)
Replied 18 April 2012
In case of receipt of loans:
Loan taken from the financial institutions is classified under financing activities.
Loan taken from subsidiaries/ joint ventures/ associates is classified under investing activities.
In case of giving of loans:
Loan given to subsidiaries/ joint ventures/ associates is classified under investing activities.
thanks
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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