Difference btw tax b/s nd a/c b/s
This query is : Resolved
23 December 2014
I want to know the main difference between tax and accounts Balance sheet.
And also if the date to submit my tax B/s to 30.11.2014 will it also effect the papers to be submitted in bank for review of my limits.?
Amol S Joglekar
(Expert)
23 December 2014
There is no ANY concept like like Tax Balance Sheet and Accounts Balance Sheet
There is ONLY one Balance Sheet
While filing income tax return, one can prepare computation of income in which addition/deductions are made as per Income Tax allowability
There is ONLY one Balance Sheet
While filing income tax return, one can prepare computation of income in which addition/deductions are made as per Income Tax allowability
Rupesh Jain
(Expert)
24 December 2014
it is not tax b/s or a/c b/s
b/s is only one.
for profit it will be diff due to depreciaton rate or exp. which is deductible on the basis of payment of exp.
b/s is only one.
for profit it will be diff due to depreciaton rate or exp. which is deductible on the basis of payment of exp.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Missed uploading GST Invoice
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
