11 September 2012
the bill for the internal audit expenses for the period from january-12 to march-12 was issued on 20/06/2012. the provision related to such expenses was not made as on 31st march2012. whether the amount of expenses to be dr. under prior period expenses as on 20/06/2012???
Guest
Guest
(Expert)
11 September 2012
Yes it is error so it will be charged as prior period expense.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
14 September 2012
I have another doubt regarding such querry- when the TDS on such professional fees has to get deducted?? in the above case TDS deducted at the time of passing journal entry i.e. at the time of receipt of bill i.e. on 20/06/2012....so is it late deduction of TDS??/
CAclubindia
