Can a foreign company branch office incorporated u/sec.592, prepare Income expenditure statement but not a profit and loss account, do we have any link between sec,209 and 211 ?
Menu
Foriegn company
Replies (1)
Hello,
Basis for preparing P& L or Income and Expenditure is that when a company is earning some profits and doing business then they have to prepare Profit and Loss Account otherwise it would be Income & Expenditure.
Regards
Nidhi
Recent Threads
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
Related Threads
CAclubindia
