https://www.taxtmi.com/circulars?id=10918 Profit and loss account disclosures must classify turnover and quantify by classes of goods tied to industrial licences or official import classifications, resorting to MRTPC rules or broad headings where necessary. Shared amenity costs need not be apportioned; other employee remuneration and perquisites must be disclosed and significant expenditure items shown separately. Para 4D requires disclosure of imports on a c.i.f. basis (with acceptable conversion from f.o.b.), itemised foreign currency expenditures by category with basis and gross/net treatment footnoted, reporting of imported materials consumed, and separate reporting of foreign exchange earnings with basis stated. en-us Wed, 13 Oct 1976 00:00:00 +0530 Fri, 17 Jun 2011 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10918 Profit and loss account disclosures must classify turnover and quantify by classes of goods tied to industrial licences or official import classifications, resorting to MRTPC rules or broad headings where necessary. Shared amenity costs need not be apportioned; other employee remuneration and perquisites must be disclosed and significant expenditure items shown separately. Para 4D requires disclosure of imports on a c.i.f. basis (with acceptable conversion from f.o.b.), itemised foreign currency expenditures by category with basis and gross/net treatment footnoted, reporting of imported materials consumed, and separate reporting of foreign exchange earnings with basis stated. Circulars Companies Law Wed, 13 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10918