change in name.
This query is : Resolved
RAHUL LOHIYA
(Querist)
03 September 2010
plz can any one suggest me, when the name of a company had been changed during the year....whether it is required to prepare two balance-sheet in respect of that........or an consolidated balance-sheet will be sufficient.
also suggest whether under income tax there is requirement of two bal-sheet under two different name or a consolidated balsheet will work in both the cases.
also suggest whether under income tax there is requirement of two bal-sheet under two different name or a consolidated balsheet will work in both the cases.
Aditya Maheshwari
(Expert)
03 September 2010
No. Only one balance sheet will be made.
The name of the company will be states as XYZ Pvt. Ltd. (formerly known as ABC Pvt. Ltd.)
The name of the company will be states as XYZ Pvt. Ltd. (formerly known as ABC Pvt. Ltd.)
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