hello
if the payment of the employee contribution to the PF A/C for a month is paid through a cheque or DD then what would be the date of payment to be considered, is it the date of deposit of cheque / DD or the clearing date of the same......
venkatasatish.maddula (student) (40 Points)
29 August 2009hello
if the payment of the employee contribution to the PF A/C for a month is paid through a cheque or DD then what would be the date of payment to be considered, is it the date of deposit of cheque / DD or the clearing date of the same......
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 31 August 2009
DATE OF DEPOSIT OF CHEQUE/DD, SUBJECT TO CLEARANCE OF THE SAME
Kaustuv
(Practicing CA)
(1778 Points)
Replied 01 September 2009
It should be the date of deposit of cheques only, but all prevalent banking practices use the disclaimer:- " all cheque payments are subject to clearance"! An issue could arise when the cheque deposited as such returns for many reasons!