Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2010
If a company is on cash basis, does it require to provide for tax payable in the balancesheet?
21 July 2010
As per section 209 of Companies act the company should not maintain books on cash basis. it should maintain only on merchantile
so tax payable should be provided
so tax payable should be provided
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