Provision for audit fee experts help needed

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This query is : Resolved

Sreejith. M (Querist)

01 April 2016 The Audit fee for the FY 15-16 for our society is 10,000+ST=11,450. While making provision entry we have to show TDS and need to remit it before April 30 ?. I searched this matter in our site but I am in confusion. Experts kindly carify the same as it is useful for all. Kindly clarify the below which entry is correct.

1, Audit Fee 11450
Audit Fee payable 11450

2, Audit Fee 11450
XYZ 10450
TDS on Profession 1000

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

01 April 2016 Entry 2 is right, Pay TDS on or before 30th April.

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

01 April 2016 If you made provision in March month than you can deduct TDS 10% on Rs.10000/-due date will be on or before 30th April 2016.

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Amol S Joglekar

Amol S Joglekar (Expert)

01 April 2016 at the year end, pass entry debit audit fee 11450, credit xyz 11450.
debit xyz 1000 credit tds deducted u/s 194 J on audit fees 1000
on or before 30/04/2016, at the time of payment: debit tds deducted u/s 194J on audit fees 1000, credit bank 1000
at the time of payment to auditor debit xyz 10000 credit bank 10000

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