Vishal Jadhav (CA Final Student) (38 Points)
10 July 2008Hi all...I have a doubt regarding application of one of the clause of CARO.
In CARO we have to report on regularity of depositing of statutory liabilities. But in this case the date on which liability e,g TDS is paid off is the date of relaisation in bank or date of depositing in bank? Please give your views!
Thanking you in anticipation
CA.Prathik Gupta
(62 Points)
Replied 17 July 2008
When we deposit the stat dues into the designated bank, the bank bears a stamp on the challan when the money is deposited. If the cheque is subsequently cleared, then the date of stamp will be reckoned, or else the date of realisation.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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