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Legal and professional expense

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(Querist)
03 January 2013 what is importance of legal and professional expense in statutory audit?
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CA Priyank Singhi

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CA Priyank Singhi (Expert)
03 January 2013 It is important because these provisions are covered by TDS in case the specified limit has been crossed.
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@VaibhavJ

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@VaibhavJ (Expert)
03 January 2013 Hey

Its necessary that it is incurred as per law & remitted to govt in due time

Thanks!!
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Sagar Kumar Batra

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Sagar Kumar Batra (Querist)
03 January 2013 what if there is significant increase or decrease in these expenses
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CA Priyank Singhi

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CA Priyank Singhi (Expert)
03 January 2013 You need to check the bills. That is the best you can do. Do check that TDS has been deducted appropriately in case the threshold limit has crossed.

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