Cash system of accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2010
whether cash system of accounting is allowable for trust under income tax act
28 October 2010
Yes , A trust can maintain the books of accounts on cash basis.
CA Ankit Shah
(Expert)
29 October 2010
yes, agree with Shailesh
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