Audit Fees
VIDYASHREE VIDYA (Accounts Executive) (64 Points)
22 April 2019My company has given 2L to our auditor for filing & paying the TDS for PT, Rent & Contractor.
Now my question is how to pass the entry for that?
VIDYASHREE VIDYA (Accounts Executive) (64 Points)
22 April 2019
Deepak Gupta
(CA Student)
(15922 Points)
Replied 22 April 2019
Taking TDS on Rent as an example:
1. Entry of expenses
Rent A/c Dr. 100
To TDS Payable 10
To Landlord A/c 90
2. Payment of tax to CA. (Pooling A/c)
CA A/c Dr. (say 2 lakh consolidated)
To Bank A/c
3. Tax payment entry
TDS Payable Dr. 10
To CA A/c 10
Similarly you will pass all the other entries for payment of taxes via CA. The balance remaining in the CA. A/c should be his professional fees.
Then, Professional/Audit/Filing Fees A/c Dr.
(as the case may be)
To CA A/c
Now, CA. A/c should be equal…
VIDYASHREE VIDYA
(Accounts Executive)
(64 Points)
Replied 22 April 2019
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)