Regarding TCS

Querist : Anonymous (Querist) 09 July 2010 This query is : Resolved
Dear All,

I want to know that what is the liability of the Chartered Accountant in case of tax audit if client not deducted TCS and paid to Government on all of his sales made which is liable for TCS deduction and CA only give note regarding no deduction of TCS in his tax audit report ?

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DEFENSE ADVOCATE.-firmaction@g (Expert) 09 July 2010
The CA s are kings , nothing happens to them.

Vineet (Expert) 09 July 2010
The job of Auditor is to identify the non compliances and report them in the Audit Report. how come they be held liable for non collection of TCS by the assessee?

The liability to collect TCS or deduct TDS is solely on the assessee.

Kumar Thadhani (Expert) 09 July 2010
He can be held under abetment for such act under IPC.

DEFENSE ADVOCATE.-firmaction@g (Expert) 10 July 2010
No body has been held so far under IPC., in such matters.

Parthasarathi Loganathan (Expert) 10 July 2010
But there are many exceptions to disprove our learned friends

soumitra basu (Expert) 05 August 2010
We should not make any unparliamentary comments towards our professional colleagues.

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