TDS provision of audit fees



what will b the entry for TDS provision of audit fees as on 31/3/2019
 
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"Do the Right Thing...!!!"

Dr. Audit Fee A/c - XXXX
Cr. Audit Fee Payable - XXXX


Dr. Audit Fee Payable - XXXX
Cr. TDS on Professional Fee - XXXX...


(But, Generally Tds not applicable on provision. Bcoz, May be Taxpayer can change the Auditor. So, It's not correct. Better to deduct at billing or Payment).
 
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TDS needs to be made at the time of making provision of audit fees.

entry as follows

Audit Fees. Dr. xxxx
To TDS payable. xxx
To Audit Fees payable. xxxx
 
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"Do the Right Thing...!!!"

Then which name will be deduct TDS and it's payments...
 
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in the firm's name who audits the account. suppose if ABC &Co CA is the auditor then in the name of ABC &Co provision needs to be made and TDS to be done
 
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"Do the Right Thing...!!!"

Thank You Dear for Your reply...

As per Your reply.,
At 31st March I think to give my books to ABC & Co and will be deduct TDS.
After some discussion/misunderstand/cost basis/other reason I will give my books to another CA... Then what...???
 
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then you have to revised your TDS return and change the pan no of new CA

 
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"Do the Right Thing...!!!"

Then.....?!!
 
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