Audit Fees provision Section ?
This query is : Resolved
Mahesh B Chandorkar
(Querist)
17 June 2008
can u please tell me, which the AUDIT FEES provision section or notification in Income tax?
Mahesh
Mahesh
CA. PRASAD
(Expert)
17 June 2008
there is no separate section for the allowance of Audit Fess under Income Tax Act and in my opinion Audit Fees will be deductible u/s. 37(1) as general deduction under the Head Business or Profession.
Dhirajlal Rambhia
(Expert)
16 June 2023
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