In one of the Companies i am auditing, they have shown Salary of Rs. 24,00,000 payable to X,Y,Z,A for the whole year.
Is this justifiable? I mean, will not it be a point for Scrutiny.
The Company has not paid a single penny to this people, but deducted tax and paid regularly.
Is this JustifiABLE? PLEASE HELP ME
As TDS is Deducted it is justifiable, But this can be a valid point for a scrutiny.
Regards
Ram.
they have to transfer the sum from salary payable to unsecured loan
i.e they have to show the salary paid and loan received from such persons for the amount unpaid.
But Sir, It is mentioned that TDS have been deducted & deposited in the Sec 192. If we transfer to unsecured loan this TDS might be a problem.
Thanks & Regards
Ram.
KK & Company Chartered Accountant
Pune
CA Inter
View Details
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
