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Preparation of financial statements of a "mandali"

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(Querist)
21 November 2014 Dear Experts,

Is there any rule regarding preparation of financial statements of a "Mandali" in a particular language?
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Amol S Joglekar

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Amol S Joglekar (Expert)
21 November 2014 It is a MARATHI word. Means a group of people/human beings.
The same rule of accountancy are applicable to such a MANDALI and it can be taxed under AOP
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Rupesh Jain

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Rupesh Jain (Expert)
26 November 2014 there is no separate accounting rule for that only make normally accounting procedure. under income tax you have to AOP



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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
26 November 2014 it is like association of person.
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maitry desai

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maitry desai (Querist)
26 November 2014 Thank you experts for your kind response.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
27 November 2014 you are welcome maitry...........
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Amol S Joglekar

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Amol S Joglekar (Expert)
27 November 2014 You are most welcome.
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