Auditors Remunaration

This query is : Resolved 

15 April 2009 Dear All,

Please let me know that auditors remunaration paid to auditors by a company is allowable expencess for the company

Thanking you

15 April 2009 YES, IT IS ALLOWABLE EXPENSES.



15 April 2009 Under income tax act,1961, if it is to be allowed as a business expenditure provisions of sections 194J and 40 (a)(ia) are also to be looked into for determining in which year deduction is to be allowed.

17 April 2009 Correct



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