Audit fees payable disallowance under it act
This query is : Resolved
21 September 2016
Hi everybody,
I have a confusion in the matter of dis-allowance of expenses that for the PY 2015-16 audit provision entry passed for the day 31st of March 2016 now, i mean in September 2016. and the client ready to deposit TDS in this month.
My question is whether i have to dis-allow the 30% of audit fees for default of TDS provision or not?? how can i treat this issue.
Thanks in advance.
I have a confusion in the matter of dis-allowance of expenses that for the PY 2015-16 audit provision entry passed for the day 31st of March 2016 now, i mean in September 2016. and the client ready to deposit TDS in this month.
My question is whether i have to dis-allow the 30% of audit fees for default of TDS provision or not?? how can i treat this issue.
Thanks in advance.
CA R SEETHARAMAN
(Expert)
21 September 2016
If TDS is deposited in September before filing IT return no dis allowance is required.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Urd purchase entry in tally prime
- GSTR-9C filing
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
