Filing fees

This query is : Resolved 

27 July 2009 Whether provision for filing fees required for filing of Annual Return & Annual Accounts of Financial year in the same f.y?

29 July 2009 Normally any known expenses for that year is to be provided in the books. The liability has to be created by crediting expenses payable account.

If the amounts are very small you can ignore it or else it has to be provided in the books during the sam financial year.

In case of audit fees etc you need to provide it in the same financial year because its a known expenses.



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