Preparation of financial statements of a "mandali"
This query is : Resolved
maitry desai
(Querist)
21 November 2014
Dear Experts,
Is there any rule regarding preparation of financial statements of a "Mandali" in a particular language?
Is there any rule regarding preparation of financial statements of a "Mandali" in a particular language?
Amol S Joglekar
(Expert)
21 November 2014
It is a MARATHI word. Means a group of people/human beings.
The same rule of accountancy are applicable to such a MANDALI and it can be taxed under AOP
The same rule of accountancy are applicable to such a MANDALI and it can be taxed under AOP
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Rupesh Jain
(Expert)
26 November 2014
there is no separate accounting rule for that only make normally accounting procedure. under income tax you have to AOP
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26 November 2014
it is like association of person.
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maitry desai
(Querist)
26 November 2014
Thank you experts for your kind response.
27 November 2014
you are welcome maitry...........
Amol S Joglekar
(Expert)
27 November 2014
You are most welcome.
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