Accounts on receipt basis
This query is : Resolved
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?
26 June 2016
In fact, most of the professionals maintain their accounts on CASH basis.
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29 June 2016
Thanks @ Amol S Joglekar
29 June 2016
you are most welcome
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