I am a member of Avirahi CHS Ltd, Borivali (West). Our society has not deducted TDS on payments made to security agency, AMC contract of lift company since 2008-09 till date.
our Auditor has specified this in his Audit reports in his General Remarks.
when i raised this issue in our 3rd AGM held on 26.08.2012, our society's accountant explained to the members that this is not a serious issue and there is no liablility on the society's part and the issue can be ignored.
Since i am myself from the accounting field i am in the opinion that this is a liabilty on the socity's part.
kindly please guide me on this issue.
CAclubindia
