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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2010 If a company is on cash basis, does it require to provide for tax payable in the balancesheet?
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srinath

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srinath (Expert)
21 July 2010 As per section 209 of Companies act the company should not maintain books on cash basis. it should maintain only on merchantile

so tax payable should be provided

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