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

Former Member
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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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Answers (1)

Answers (1)

Former Member
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Hello Experts,

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

Thanks,

Sagar

sandip_kurewar
Active Participant
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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.