banner_ad

Sir, a govt college having pan in the college name and also has saving account in college name with nil income where compliance arises,what to do?

1695 views 19 replies

Still more confusing, as TDS is deducted from any payments, but not collected before hand!!

And if at all the amount belongs to college, an authority to open any such account to Principal should be recorded in minutes, and the same should be offered to auditor for verification.

Sir,

Actually salary is being credited in personal account to each and every employee from State govt.Then and there after Tds money is recovered from employee.As college does not disburse the Salary.

Are you sure the state government disburse salary to the employees without deducting TDS? And it gets passed without any mark from the lens of auditor!!!!!!

As accountant said me, as per my knowledge i have seen the acountant  of that college used N FC center to upload TDS.If the govt already deducted tds and giv salary , then there have been no question of that account,and no need to deposit TDS in NFC center.

Now, if all the facts are true, get a professional to report such facts in orderly manner to the department, as reply to the complience notice is must. Otherwise, the Principal would be in trouble, as the account exists in his name.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details