Accounting Treatment Filling of TDS Reutrn Fees

This query is : Resolved 

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 (Expert)

22 July 2010

Book it as filing fees (indirect Expenses).---


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

Nirpendra Singh (Expert)
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 (Expert)

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.

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 (Expert)
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.


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