Section 194J
This query is : Resolved
26 May 2011
Dear All,
While providing for Audit fees provision on 31st March is it necessary to provide for TDS also?? or can i consider TDS while the audit fees bill comes for payment??
While providing for Audit fees provision on 31st March is it necessary to provide for TDS also?? or can i consider TDS while the audit fees bill comes for payment??
Aditya Maheshwari
(Expert)
26 May 2011
If u do not deduct TDS at the time of provision then the audit fees will not be allowable as expenses and will be allowed when TDS is deducted as TDS is deductible at the time of payment or credit whichever is earlier.
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