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Company may maintain books of accounts accrual basis.

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Querist : Anonymous (Querist)
30 June 2014 For tax purpose company shall maintain books of accounts as accrual basis only.please reply this question with section or case law if any.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 June 2014 as per co act 1956 and 2013 both co act needs to be maintained as per accrual bais only.
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