banner_ad

Method of accounting

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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
Profile Image

Dintakurthi Tirumala

Profile Image

Dintakurthi Tirumala (Expert)
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details