querry for audit fee

This query is : Resolved 

07 March 2009 Hi friends,

Can any one suggest me that "Audit fee" is a statutory liablity or not?
If its statutory liablity than it includes all fee like VAT audit fee,tax audit fee,consultancy fee etc...


thnx
Manish Pareek


07 March 2009 It is not a statutory liability. It is in the nature of Professional Charges.


07 March 2009 NOT A STATUTORY LIABILITY.



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