Can a private limited company accounting

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 June 2013 Can a Private limited Company prepare its accounts on Cash Basis
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
20 June 2013 AS PER COMPNAY LAW IT IS MANDATORY ACCURAL BASIS
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 June 2013 Now if i have filed my income tax return taking into account of cash basis. So should i revise my return?
Profile Image

CA Kapil Verma

Profile Image

CA Kapil Verma (Expert)
20 June 2013 no need to revised , you can continue with different method in different ACT.

but it become practically difficult to do so.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 June 2013 As on cash basis, i have shown my income lower in the previous year , then i that case i have to revise my return or i have to show that income in the current year as prior year income
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category