hii...
under what head inter corporate loans are shown in balance sheet???
6 Replies
CA Sunil Kumar Parjapati
(ACA Senior Manager- Accounts & Finance)
(224 Points)
Replied 17 January 2012
There is seperate head of accounts for that.
If you have taken inter corp loan then you have to show it under Secured or Unsecured loan as per the nature of loan .
And if u have given that loan then show it under Loan & Advances (Assets side)
Yatik Shah
(Manager)
(31 Points)
Replied 17 January 2012
As said by Sunil Kumar, its true, but there is as such no requirement as per Shcedule VI to show such as a different head as Inter Corporate Loans, its better to show under the said common heads only.
kiran rathi
(Finance Consultant)
(100 Points)
Replied 17 January 2012
they should be shown as secured or unsecured depending on their nature as like other loans separate disclosure for inter corporate loans will be reported under audit report.... no separate disclosure is required in balance sheet.
Ravi
(Account Head)
(29 Points)
Replied 17 January 2012
Sir, What is the procedure for Centeral Sale Tax Assesment Cases. is there any format for the same?
is there thn please send me. as i like to clear two years assesment cases.
warm regards
Ravi Mehra
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