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Accounts on receipt basis

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(Querist)
25 June 2016 Do professionals (CA/CS) are allowed to maintain accounts on receipt Basis even if they are under Tax Audit? Is it ok if they pay Service Tax on receipt basis?

Thanks in advance.
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Amol S Joglekar

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Amol S Joglekar (Expert)
26 June 2016 In fact, most of the professionals do maintain their accounts on CASH basis.

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