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Accounting standards

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(Querist)
23 September 2008 Is compliance of the accounting standards of ICAI mandatory to non corporate entities.
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Jitender

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Jitender (Expert)
23 September 2008 no.
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Ravikumar.G

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Ravikumar.G (Expert)
24 September 2008 Some standards which is relevant for Non corporate assessee. Where the ASs notified by the CG u/s 145(2) have not been regularly follwed by the assessee - BJA can be made.
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