Neha
(Unknown)
(32 Points)
Replied 21 May 2012
@ CA Chandana Thanks for your valuable suggestion. A few more things I would like to clear,
I have heard that If employer has deducted and not paid PPF, he can be put in Jail, is this true ?
For Financial year 2011-2012 , when is the last date (for employer) to deposit PPF And TDS. I should wait till that date and after that i should go to concerned authorities for further action.
Thanks a lot for the earlier answer .
Tejas Jain
(Chartered Accountant)
(314 Points)
Replied 21 May 2012
ohh u r still in confusion...? Last date for deposit of PF is 15th of April and for TDS it was 30th April. but if tehy do not deposit the amount Auditors will not give clean report.
PRITAM JAIN, CA , CS
(Practising CA CS)
(398 Points)
Replied 21 May 2012
| Originally posted by : Tejas Jain | ||
 |
I will have to ask some details so it will be easy if you mail me if you don't have any problem |
 |
In case of TDS.....
If a person deducts TDS but not deposit in the treasury of Govt. he is deemed to be assessee in default and such assessee is liable to punishment for imprisionment upto 3 to 7 years
These things are reported in
1) TAX audit report (Please confirm that these are reported by auditor ) Form 3CD-under clause 27 a & b
2) CARO report for staturory dues not paid.
For PPF ....
Ms. Chandana answered quite well....
Neha
(Unknown)
(32 Points)
Replied 21 May 2012
@ PRITAM JAIN : Exactly what I wanted to know. Thanks. There has been no audit in our organization for this Financial Year.
should I wait till we get the audit done for the clear picture ?
PRITAM JAIN, CA , CS
(Practising CA CS)
(398 Points)
Replied 21 May 2012
| Originally posted by : Tejas Jain | ||
|
|
I will have to ask some details so it will be easy if you mail me if you don't have any problem |
|
In case of TDS.....
If a person deducts TDS but not deposit in the treasury of Govt. he is deemed to be assessee in default and such assessee is liable to punishment for imprisionment upto 3 to 7 years
These things are reported in
1) TAX audit report (Please confirm that these are reported by auditor ) Form 3CD-under clause 27 a & b
2) CARO report for staturory dues not paid.
For PPF ....
Ms. Chandana answered quite well....
PRITAM JAIN, CA , CS
(Practising CA CS)
(398 Points)
Replied 21 May 2012
| Originally posted by : PRITAM JAIN | ||
|
please tell me status of ur org Company, Partnership Firm or what In case of TDS..... If a person deducts TDS but not deposit in the treasury of Govt. he is deemed to be assessee in default and such assessee is liable to punishment for imprisionment upto 3 to 7 years These things are reported in 1) TAX audit report (Please confirm that these are reported by auditor ) Form 3CD-under clause 27 a & b 2) CARO report for staturory dues not paid. For PPF .... Ms. Chandana answered quite well.... |
|
anuj suryan
(Banking)
(21 Points)
Replied 29 May 2013
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