The revised Schedule does not include the requirement to separately disclose bank balances with scheduled banks and other banks.
10.14.16 Short Term Loans and Advances
This has to be sub-classified in the notes as :
- Loans and advances to related parties (giving details thereof)
- Others (specifying nature)
It may be argued that 'loans' and 'advances' are of totally different nature and should not have been clubbed.