https://www.taxtmi.com/notifications?id=24029 Amendment requires staged provisioning for income reversal and NPAs for loans outstanding as on 31-3-2002: 50% of pre-tax profit for 31-3-2006 and 31-3-2007, with the remaining unprovided balance to be recognised equally over the four years from 31-3-2008 to 31-3-2011. Entities may exceed these provision limits. Accounts for 31-3-2006 and subsequent years must disclose the total provision required, amounts provided and remaining balance; the statutory auditor must certify that the note gives a true and fair view. en-us Fri, 31 Mar 2006 00:00:00 +0530 Mon, 27 Jun 2011 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24029 Amendment requires staged provisioning for income reversal and NPAs for loans outstanding as on 31-3-2002: 50% of pre-tax profit for 31-3-2006 and 31-3-2007, with the remaining unprovided balance to be recognised equally over the four years from 31-3-2008 to 31-3-2011. Entities may exceed these provision limits. Accounts for 31-3-2006 and subsequent years must disclose the total provision required, amounts provided and remaining balance; the statutory auditor must certify that the note gives a true and fair view. Notifications Companies Law Fri, 31 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24029