Is payment of fees to a Chartered Accountant by a firm included/excluded in domestic income of India?
Is payment of fees to a Chartered Accountant by a firm included/excluded in domestic income of India?
Anurag Pathak Changed status to publish December 9, 2023
No,
It will not be included in the domestic factor income as payment of fees to a Chartered Accountant is an intermediate expenditure for the firm.
Hence, it is to be deducted from the value of output of the firm to obtain value added.
Anurag Pathak Changed status to publish December 9, 2023
