https://www.taxtmi.com/acts?id=14654 Where sweat equity shares are issued for non cash consideration, a depreciable or amortizable asset must be carried on the balance sheet per relevant accounting standards; if not so classifiable, the consideration must be expensed under the relevant accounting standards. The accounting value of sweat equity shares issued during an accounting period is to be treated in the financial statements as another form of compensation to the employee or director. en-us Fri, 03 Jun 2011 17:49:21 +0530 Fri, 03 Jun 2011 17:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14654 Where sweat equity shares are issued for non cash consideration, a depreciable or amortizable asset must be carried on the balance sheet per relevant accounting standards; if not so classifiable, the consideration must be expensed under the relevant accounting standards. The accounting value of sweat equity shares issued during an accounting period is to be treated in the financial statements as another form of compensation to the employee or director. Act-Rules Companies Law Fri, 03 Jun 2011 17:49:21 +0530 https://www.taxtmi.com/acts?id=14654