change of accounting method
This query is : Resolved
29 May 2009
please can anyone help me, I am maintaining my accounts in sigle entry system now can i change to double entry system, the income tax dept. weather will permit or not ple reply soon
chetan soni
(Expert)
02 June 2009
it is permitted. In case if your booked of accounts needs to get audited in that case you have to draw the statement showing the deviation due to this change as per tax audit report.
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