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.
Message likes :
1 times
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.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
