Disclosure

Accountancy

There is a doubt if we don't show the income or expenditure below 1 lakh or 1% of the revenue whichever is higher. Then doesn't that affect our profit & loss a/c if we don't show the immaterial things then should we not consider the immaterial things as expenses or income.

Snehashis Mohanty

CA Inter

★ 35

03-Nov-25 21:25

281

Answers (1)

We will show all income and expenses. They will be clubbed as other expenses and separate disclosure is not required.

CA Suraj Lakhotia

Admin

06-Nov-25 11:16