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author's profile photo Former Member
Former Member

What are the "country specific chart of accounts" legal requirement in India?

Hi,

I'm creating chart of account for Indian company i.e. Country Specific Chart of Accounts.

So, what are the legal requirements are needed and why?

Please, give me current requirement.

Thanks,

Sagar

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 13, 2014 at 06:19 AM

    Hello Experts,

    Can anyone please share the Country specific chart of accounts legal requirements in India.

    Thanks,

    Sagar

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    • Hi Sagar

      Country specific chart of account for India. In India legal requirement's GL (General Ledgers) are influenced from Country India Version (i.e CIN) related GL, Withholding Tax Related GL, Service Tax Related GL. As per company act depreciation GL's. You can create GL and according to these requirement.

      Regards

      Sandip.

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