Hi 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
date of depositing in bank.
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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