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
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