Maintenance of books of account
This query is : Resolved
14 August 2013
how to maintain books of account as per companies act and books of account as per income tax act separately in tally
Do we maintain only books of account as per companies act and extract the books of account of income tax seperately in excel at the year end.
Please answer the query its very urgent
Do we maintain only books of account as per companies act and extract the books of account of income tax seperately in excel at the year end.
Please answer the query its very urgent
14 August 2013
Only books of accounts as per Companies Act is to be maintained. Books of accounts maintained as per Companies Act are valid under the Income Tax Act.
The only difference is on account of depreciation for which adjustment is made by creating DTA/DTL.
Separate books of accounts are NOT required to be maintained for Income Tax Act.
The only difference is on account of depreciation for which adjustment is made by creating DTA/DTL.
Separate books of accounts are NOT required to be maintained for Income Tax Act.
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14 August 2013
sir,
when we need to upload the balance sheet and profit and loss statement while uploading 3CA and 3CD Do we upload the BS and P&L prepared as per the companies act or shall we need to prepare as per the income tax act
thanks in advance sir
when we need to upload the balance sheet and profit and loss statement while uploading 3CA and 3CD Do we upload the BS and P&L prepared as per the companies act or shall we need to prepare as per the income tax act
thanks in advance sir
14 August 2013
NO REQUIRED SEPERATE BALANCE SHEEET AND P/L A/C FOR INCOME TAX DUE TO AUDIT REPROT OF CA ALSO ATTCH WITH INCOME TAX RETURN FROM THIS YEAR.
DIFF. NORMALLY
DEPRECIATOIN
AND SOME EXP. EXEMPTED IN INCOME ON PAYMENT BASIS LIKE BONUS, EXCISE, SALES TAX, PF ESIC IF NOT PAID THEN THESE WILL ADD IN CO. INCOME
DIFF. NORMALLY
DEPRECIATOIN
AND SOME EXP. EXEMPTED IN INCOME ON PAYMENT BASIS LIKE BONUS, EXCISE, SALES TAX, PF ESIC IF NOT PAID THEN THESE WILL ADD IN CO. INCOME
14 August 2013
You will upload the Balance Sheet and P&L prepared as per Companies Act.
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