Audit query

Hello all.....i have an query.....Durning ma audit course.....i got a doubt....whn i ws checking the PF challan two dates were given....1st was the date of cheque deposited(i.e. 10/7/10) and 2nd ws realization date(i.e. 20/7/10)...in which BSR code was written....

so...my question is to which date is to be prefer as...Date of payment or realisation....m really getting so confused....if i take realisation date....it wil be disallowed uder IT act....

PLZZZZzzzzzzzzzz help me out....................

Waiting 4 reply...........bye

Replies (8)

ANSWER IS TENDERED DATE OR CHEQUE DEPOSIT DATE 

Dear Aditi, In such cases always consider the  day on which cheque was deposited irrespective of the day on which it was realised..

because it is not a fault on the part of the party. Party has deposited the cheque in the right time.

if the cheque is deposited in time then it will not attract any disallowance provided the chq is not dishonoured......

Cheque deposit date should be taken and not the realisation date.

Dear Aditi,

Always consider the date of chq. deposited

It is cheque realisation date and not cheque deposit date .... The PF rules are amended.....

Miss Sonia We Are Talking About Income Tax Act...Not Abouit P.F Act,....& In INcome Tax Act There Is A Rule That We Have To Deposit..Our Due..Before 15....If Deparment Is Not Deposited In Bank...In this Case We are not In Fault....But Here One Que Arise That even cheque date is 10..but When we have deposited in bank...so we can verfied from challan datte...from bank seal...n date...
 

date of deposit is to be considered

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