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Q. > Please Help: Schedule VI & IFRS
Whats is the effective date of Schedule VI & IFRS.
2 Answers
answered Jul 17, 2011 by CA VIKAS JAIN , DELHI
evised Schedule vi is applicable from financial year 2011-12
answered May 19, 2013 by Vikash Kumar Jha , Cuttack
Revised schedule VI will be applicable from the assessment year 2012-13. But for IFRS we have to still wait for publication date
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Comments
Anurag Sharma
20-Apr-2011 , 09:00:56 amWith respect to Schedule VI..a notification has been issue releasing a revised set of Schedule VI. The notification shall come into force for the Balance Sheet and Profit and Loss Account to be prepared for the financial year commencing on or after 1.4.2011”. It means all the Balance Sheet and Profit & Loss Account for the Financial year 2011-12 would be prepared as per revised Schedule VI. As far as IFRS is concerned, there is not notification in respect of applicability of the same.
CA Anup Moondra
22-Apr-2011 , 05:16:04 amRevised Schedule VI is applicable from 1.4.2011
Ravi sisodia(CA,CS,CWA)
22-Apr-2011 , 11:27:38 pmonly propose by govt. effective date - not prescribed
Vikas
25-Apr-2011 , 12:43:24 amRevised Schedule VI is applicable from 1.4.2011. Therefore, Balance Sheet and Profit & Loss Account for the Financial year 2011-12 would be prepared as per revised Schedule VI.
CA. ASHISH GARG
29-Apr-2011 , 05:34:17 amRevised Schedule vi is applicable from on or after 1-4-2011.But IFRS in not applicable from 1-4-2011 due to no notification in respect of applicablity.