Audit fee

This query is : Resolved 
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(Querist)
22 August 2015 Dear Sir,
Can audit fees expense for the current year be taken as deductible expense while calculating total income ??
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
22 August 2015 EXPENSES TO BE BOOKED IN ACCRUAL BASIS , ALL KNOWN EXPENSES TO BOOKED , AUDIT FEES EXPS CAN BE CLAIMED AS ANY OTHER EXPENSES WHILE CALCULATING TAXABLE INCOME
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