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Non refundable tender fee - urgent

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 October 2012 Dear All,

Please let me know the treatment of non refundable tender fee in books?
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CA. Subhash Dangi

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CA. Subhash Dangi (Expert)
26 October 2012 Non refundable tender fees should be charged off to Profit and Loss Account with appropriate head of account.

Generally non tender fees will be debited to Fees, Rates and Taxes Account.
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
26 October 2012 Charge it as as expenses in pl. Agreed with the above reply
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