Is it possible to change the accounting period under Indian
GAAP from 1/Apr-31March to 1/January-31/December?
There is any restriction in doing that, i mean for example
for fisal purposes?
Thank you all!
Answer Posted / tapan
According to IT ACT you cannot change your Accounting Year but in case of ROC you can change the Accounting Period i,e 1st January to 31st December
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
How is the accounting for hire purchase transactions done?
describe the rule of garner vs murray and how it relates to the dissolution of a partnership
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
What is the difference between consigner and consignee?
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
how to deduct tds on income from other sources with examples
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
what are your current financial and accounting projects? What is your role?
What is double-entry accounting? Explain with an example?
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
Tell me what steps would you take to increase revenue for this company?
What is compound journal entry?
Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!