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Audit query

Internal Audit 1263 views 8 replies

ADITI MALIK

article assistance

78 Points Joined March 2010

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)

Monish Gala

articled assistant

30 Points Joined September 2009

ANSWER IS TENDERED DATE OR CHEQUE DEPOSIT DATE

Lokesh

CS professional

493 Points Joined March 2009

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.

Sharad Saini

Student

286 Points Joined May 2010

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

Mukund

CA Final (New) Group One Cleared

177 Points Joined January 2009

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

Mayur Arora

CA Final

295 Points Joined June 2009

Dear Aditi,

Always consider the date of chq. deposited

Sonia M Ketkar

B.com CA DISA(ICA) Pursuing CS

625 Points Joined June 2008

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

punit

CA final

290 Points Joined June 2009

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...