Provision for audit fees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2010
Hi
Respected Member
Can any one tell me?
I am doing tax audit of pvt.ltd. for a.y. 2010-11 so auditor's remunaration for such year is required to make provision on 31st march 2010 or not?
OR
It will be required to make expenses in F.Y. 2010-11
Respected Member
Can any one tell me?
I am doing tax audit of pvt.ltd. for a.y. 2010-11 so auditor's remunaration for such year is required to make provision on 31st march 2010 or not?
OR
It will be required to make expenses in F.Y. 2010-11
18 July 2010
Yes required to make provision for Audit Fees and deduct TDS if it exceeds the threshold limit of Rs.20000/- on 31/03/2010.
Message likes :
1 times
18 July 2010
As said by you, it is a pvt ltd i .e a company, in such case for a company audit is compulsory. Also, as on 31st March, the turnover of the company indicates the requirements of the tax audit.
So provision for audit experience should be made on 31st March,2010.
So provision for audit experience should be made on 31st March,2010.
19 July 2010
IT IS REQUIRED
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
