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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2010 The company pays the professional fees monthly to one of the Director's firm and the amount is more than Rs.200000/-. Whether this is included in Accounting Standard and the same is included in the tax Audit report?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 September 2010 Yes it will be reported if the director holds more than 20% in the firm.

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