Also TDS is deducted on the total amount including service tax.
Menu
Tds applicability on provision of audit fees
Quick Summary
In case TDS is deducted for provision for audit fees for the accounting year 2022-23 then the auditor will raise the bill for the same service in 2023-24. As per rules of claiming of TDS the TDS has to be claimed in the year in which the corresponding revenue is recognised in the books of account. In this case the auditor will recognise revenue in 23-24 then how it can claim TDS for the services not rendered relevant to the accounting year 22-23.?
You may check this article👇 in light of FY 2025-26 changes.
https://www.caclubindia.com/articles/tds-on-audit-fee-provisions-at-yearend-55124.asp
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
