16 May 2009
A company has not received number of Form C on the date of preparation of balnce sheet. should company recognised the liability in respect of difference of tac rate (i.e. 12.5%-2%) in the balance sheet? what is the accounting entry? in future if the said C forms recd whether the company has to show income in the yaer of receipt or in the yaer in respect of Form C belongs?
CAclubindia
