Disclosure issue

Others 434 views 2 replies

A company had a CWIP last year. Due to some event the same was not capitalised and has been written off. Under which head this writting off to be shown in Sch VI?

Replies (2)

it will be shown as capital work in progress under the head fixed asset as :

Gross block :

less deprecitaion :

net Block :

add Capital work in progress

no deprecitaion will be charged on capital work in progress


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