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Auditors Remunaration

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(Querist)
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
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HUZAIFA HUSSAIN

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HUZAIFA HUSSAIN (Expert)
15 April 2009 YES, IT IS ALLOWABLE EXPENSES.
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CMA KNVV Sri Vidya - Sri Kanth

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CMA KNVV Sri Vidya - Sri Kanth (Expert)
15 April 2009 Allowable expenses
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
17 April 2009 Correct

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