Provision of legal fees
This query is : Resolved
05 September 2016
Balance Sheet of a private limited company is yet to be finalised. Company has paid certain legal expenses and or legal fees etc related with the financial year 2015-16 [ Year ending March 2016 Ay 2016-17 ] in the month of April 2016 [ Financial Year 2016-17 Year ending March 2017 Ay 2017-18 ] . Whether provision of such legal expenses or fees is allowed ?
05 September 2016
yes, legal fees are allowed as expenditure
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
- Can we claim ITC in 28%
- Forgot to update debit note in gst
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Can we issue an invoice today
- SALE OF GOODS FROM OTHER STATE
- Sale of Gold ornaments
- Accounting Policies changes
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- Expenses add back in profit
- Ca final exam registration may-26
- ADDITIONAL PLACE OF BUSINESS DOCUMENTS
- Are You Looking For an Easy Academic Help?
- Wrongly goods delivered to other state
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
