tds on audit fee
sagar (mathura) (214 Points)
27 August 2016
if tax audit fee is 50000 rs and assessee not deduct tds in previous year. can he show rs 50000 in his profit and loss accouNt?
7 Replies
Venkatesh Dangeti
(CA Final)
(885 Points)
Replied 28 August 2016
he can show.But expenditure is disallowed.We need to add it back
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 28 August 2016
DEAR SIR
IF YOUR FIRM IS LIABLE SECTION 44AB (AUDIT) AND YOU HAVE FILE AUDITED ITR ,
THAN YOU SHOULD DEDUCTE TDS OTHERWISE NOT REQUIRE.
GOOD LUCK
sagar
(mathura)
(214 Points)
Replied 28 August 2016
but the problem was that on 31st march we were do not know about the auditor name and his fee.
so how could be deduct tds on unknown amount and deposit the same with govt.
so how could be deduct tds on unknown amount and deposit the same with govt.
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 28 August 2016
SAGAR SIR
PLZ TELL ME DATE OF PAYMENT AND POSITNG DATE OF AUDITOR INVOICE IN YOUR ACCOUNT BOOK
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 28 August 2016
SAGAR SIR
PLZ TELL ME DATE OF PAYMENT AND POSITNG DATE OF AUDITOR INVOICE IN YOUR ACCOUNT BOOK
sagar
(mathura)
(214 Points)
Replied 11 September 2016
date of provision is 31st march 2016
and payments is expected to made in the month of October 2016
and payments is expected to made in the month of October 2016
Prem M Ochwani
(student)
(138 Points)
Replied 13 September 2016
I think you should go for the date in which invoce is raise
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