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Mistake in 3cd by a renowned ca firm-please reply

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2014 My organisation has tds liability of Rs.1585435 out of which Rs.962 still not paid and return already filed on 20th ocotber 2014. In 3CD under section 43B the firm disclosed that organisation has paid all of Rs.1585435.The 3CD is signed by one of the past presidents firm. Mistake done by a CA are highlighted by saying thay they are dummy articles. But what about such a renowned firms just because this is a firm of CA nothing will happen.



22 October 2014 Dont take much serios,

whether tax audit report uploaded in income tax website,even if it is done same may be revised.

It is okay auditor has done mistake but what client is doing when approving the same for signing,upload time.

More ever signing partner cant always take care of all points in an assignment.he need to rely on work done by assistants.some mistakes may happen like this if assistant was not effective or if there is no 3rd person verification before signing of report

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2014 I agree with you but the fact is our employer is cousin of past president of ICAI i would not tell the name.and this is just an example of small mistake.
There are so many mistakes in Balance sheet even every year even then no action is against company neither Auditor just because he is past president.
Can you believe they are not even following 'Revised Schedule VI' under trade payables they show creditors,tds liability, service tax liability and other liabilities.




22 October 2014 Many people may not follow the rules strictly for which there may be reasons..
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however this miscompliance is mere professional neglegence and will be punish if found in peer reviews.
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There are so many who may not follow all these rules,u have just seen one.as on today many financials signed by many auditors do you think all goes strictly as per law..

this should be left to the person who signed therein.

No need to bother that there is no action against company or auditor.


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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2014 If it is so simple then what is the need of professional in an organisation it means they are correct in their view that revised schedule vi etc etc are worthless thing to follow nothing will happen to us.

1 more question if such mistakes are carried out by a fresh CA then everbody would try to put an elegation that he/she is dummy article.

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2014 I would like to provide some more points and inspite of that financials are duly signed:-

1.Contingent expenses are recorded in financials.you know what contingent expenses firm is converted into co. and an head was created contingent liability to take over.

2.Face value of Share:-
2008-09..................................10
2009-10..................................10
2010-11...................................100
2011-12..................................10

Face value was never changed to 100 it was of Rs.10

22 October 2014 I didnt said it is simple mistake i said some people taking this so simple.

Being strict to professional ethics and taking due care in discharging attest function is the primary responsibility of any member of icai.

To follow this to what extent...depends on person to person.

One should strict to them selves

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2014 I just want to ask whether department would take any action against such mistake done in 3CD or MCA will take any action for non compliance of revised schedule VI????what are the penal implications of the same??????






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