Tds on charges directly debited by bank
This query is : Open
25 April 2012
our concern had stock audit directed by bank form some chartered accountant , they submitted the bill directly to the bank and the bank debited our account with the amount of the bill, my query is how should we book the entry in our books, if we book it as audit fees than whether we have to deduct tds.
26 April 2012
Yes ,This is Audit fee & TDS is applicable.Discuss with Auditors & pay thru company not directly.
26 April 2012
above expert given u right answer...............
26 April 2012
the audit was conducted by the bank by their auditors and we came to know the amount only after bank had debited our with the same , how could we deduct tds,pls clarify
26 April 2012
the audit was conducted by the bank by their auditors and we came to know the amount only after bank had debited our with the same , how could we deduct tds,pls clarify
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