Method of accounting
This query is : Resolved
13 March 2012
Dear Sir,
Pl clarify the following doubt.
Whether it is mandatory to maintain the accounts in accrual basis for Tax audit cases & also Ltd Companies?
Regards,
S.Jegadeesan
Pl clarify the following doubt.
Whether it is mandatory to maintain the accounts in accrual basis for Tax audit cases & also Ltd Companies?
Regards,
S.Jegadeesan
14 March 2012
Companies Should be maintain on Accrual basis and others can maintain any basis but every year should be maintain same and equal basis. In tax audit report there is a question about nature of maintain of books of accounts.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Relief u/s Section 89
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Lease agreement and tax on sale
- CCFS 2026 Schemed
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- 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
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
