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Regarding Provision for Audit Fees

Prakash Chandra (191 Points)

18 April 2019

TDS applicable on provision for audit Fees
if yes what is there journal

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3 Replies

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 18 April 2019

I think TDS not applicable for provision of Audit Fee ( & Any of the Provisions).

We can deduct TDS at the time of Bill (received) or Payment which is Earlier...

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Ravi_. (Student) (61 Points)
Replied 19 April 2019

Practically I have seen TDS deducted on all provisions made for expenses which are liable to deduct TDS.

So, Accordingly you should deduct TDS on provision too.

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 21 April 2019

Originally posted by : RAJA P M
	I think TDS not applicable for provision of Audit Fee ( & Any of the Provisions).We can deduct TDS at the time of Bill (received) or Payment which is Earlier...