Itr 4
This query is : Resolved
17 September 2012
Dear Sir,
Audit fees payable Rs. 5000/- in liability side.
while filling in itr 4, it should be put in other provision cell of part BS or in the cell of sundry creditors.
Please advise me.
Audit fees payable Rs. 5000/- in liability side.
while filling in itr 4, it should be put in other provision cell of part BS or in the cell of sundry creditors.
Please advise me.
K Srinivas, CMA CS
(Expert)
17 September 2012
In my opinion, it must be shown as Other Provisions till it is paid.
I would like to see the answers of other eminent experts as well
I would like to see the answers of other eminent experts as well
Dintakurthi Tirumala
(Expert)
17 September 2012
It should be put it at Other provisions because it is estimated liability. In case audit has been completed and fees bill has been issued by the auditor then it would be sundry creditor.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
K Srinivas, CMA CS
(Expert)
17 September 2012
Mr Tirumala,
Nice explanation.
Nice explanation.
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