Admissible expenses?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2012 We have passed the following entry:

Audit Fee Dr. 500000
To Accruals - Creditors 500000

Is this admissible expenses?

What would be effect on DTA/DTL?

CA CKP

CA CKP (Expert)
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09 April 2012 There is no effect on DTA/DTL as this allowable exp in both IT & Books of A/c.

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