What is the implication of non deduction of EPF and ESI or lower deduction of EPF in the statutory audit and tax audit.
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Implication of non deduction of EPF and ESI or lower deduction of EPF
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As per clause 20(b) of TAR, we only have to report employees's share. I don't think it has any impact on our audit even if it is less deducted or not deducted provided that amount actually deducted is deposited.
No idea about statutory audit.... Don't deal in corporate clients.
No idea about statutory audit.... Don't deal in corporate clients.
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