Hi All Respected Members,
Please educate me if we pay appeal charges against payable tax order or any other charges in which account should we record it ?
Further, are these charges are admissible?
I would like to thank in advance to those who will spend their precious time and efforts to reply this query.
Kind response awaited from respected members.
Filing / Administrative Fees: Debit to Legal & Professional Expenses (P&L).
Statutory Pre-deposits: Debit to Current Assets / Advances Recoverable until the appeal is finalized.
Admissibility: Fully allowable as business overheads under tax laws, provided they relate to contesting a business-related tax demand.
B Thejas and Associates
Bengaluru
CA Foundation
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Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
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N N V Satish & Co.,
Hyderabad
CA Inter
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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CCI
Pro
CAclubindia
