Books to be maintained
This query is : Resolved
02 January 2010
Company is having SAP for maintaing books of accounts.Under 3CD report it is compulsory to mention books of account maintained and examined under clause 9a & 9b.As there are not books to be maintaining in SAP seperately except Cash book and General Ledger than what will be the remarks under this caluse.
Is there any standard wordings of any company having SAP who have mentioned in 3CD report.Generally in 3CD report we mention seperate books of accounts bu twhat in SAP except these two?
Is there any standard wordings of any company having SAP who have mentioned in 3CD report.Generally in 3CD report we mention seperate books of accounts bu twhat in SAP except these two?
02 January 2010
Maintaining books of account does not warrant to be in manual form. It can be in elctronic form as well.
03 January 2010
Section 2(12A) of the Income tax Act,1961 contains an inclusive definition for books of accounts.Accordingly, books of accounts can also be kept in electro-magnetic data storage device. So maintaining account books is SAP is permissible under the said act. Coming to clause 9b of form 3CD, please mention therein that cash book and general ledger are maintained using SAP.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
