Accounting Treatment Filling of TDS Reutrn Fees

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Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2010 can u please tell me what is accounting treatment for filling fess for TDS return paid nsdl tan fc Center

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 July 2010 Book it as filing fees (indirect Expenses).---

Entry---

Filing Fees A/c Dr....
To cash A/c.....

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Nirpendra Singh

Nirpendra Singh (Expert)
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22 July 2010 It should be charged as Bank charges
i.e. Bank Charges

if you will create a new head it will distort the picture of your P &L a/c
Always try to reduce total no of heads in P&L a/c.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 July 2010 Usually we create a head Filing fees for showing Fees paid to ROC and NSDl.
Alternatively you can show it under General Expenses but definitely not under Bank Charges.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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22 July 2010 When we pay the fees to nsdl.How it will be treated as bank charges?
In your opinion if you pay the roc filing fees to bank then it will also come under bank charges.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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22 July 2010 Filing charges should be the appropriate head and if u do not want to open new head then it should be debited to office general expenses only but surely not in bank charges.

NSDL IS NOT A BANK.